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Learn How A Retired Couple From Bristol Paid Nothing In Taxes On A Six-Figure Income"

I could not find any explanation of the 6-figure income in the article.

"So while the Wrights took $26,300 from an IRA, which is taxable, it was a low enough income that it was canceled out by health care spending deductions and a $10,000 deduction on the fee the couple paid Friedman.

If a couple has less than $72,000 in taxable income, they pay no taxes on dividends or capital gains. So $44,000 in capital gains the couple realized in 2013 were tax free.

26,300 + 44,000 + "he only has about $300 a month in pension payments" = 80,300 + 3,600 or about 84k.

10k/84k = 11.9% of their annual income to their financial advisor.

Even 10k/120k would be an 8.33% haircut.

Regards, JAFO
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