No. of Recommendations: 1
JAFO31 asks,

Even with big deductions, from where did the other income from?

My guess is that they're calling a return of capital tax-free "income".

Wright tells his financial advisor he needs $117,000/yr to live on.

Advisor sells $77,000 worth of stock with a cost basis of $33,000, netting a capital gain of $44,000.

The $77,000, plus pension, IRA distribution and his part-time H&R Block job bring his income to $117,000/yr.

intercst
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