Reported about 1 month ago
Michele Cagan, a financial advisor, provides insights for Kevin, a 60-year-old retiree with $2.4 million in assets, on how to balance withdrawals from a taxable portfolio while maintaining healthcare subsidies. With an annual income under $60,000 from his portfolio, Kevin is advised to continue drawing solely from his taxable account until age 65 to maximize healthcare benefits and minimize taxes. This approach, along with understanding various retirement account tax implications, helps ensure financial stability as he navigates retirement.
Source: YAHOO