I agree that the number of people who can do this is limited. If most of your money is in IRAs then it is entirely possible you can do this. You could be living off of non-qualified money that doesn't generate a tax event or much of a tax event. Did you read the link posted previously? It was about financial advisors and clients who are doing this. I know savvy people who have done this.
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Originally Posted by tophcfa
The scenario outlined above is highly unlikely. If one is truly a high net worth individual than the income on their investments will almost certainly put them well above the income cap to receive Obamacare income tax credit subsidies. For a high net worth individual to keep their income low enough to qualify for subsidies, they would basically have to stuff their savings under a mattress. Who in their right mind would forego many thousands of dollars of investment income to save a few thousand dollars in health care premiums? I suppose there are some examples of idiots that stashed their savings in crypto to avoid reporting income, but how did that work out for them?
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