Can you explain Social Security income and taxable income from a brokerage account? I was hit with a large tax bill two years ago because I exceeded the limit with a taxable account withdraw. Very unpleasant.
Even with a non-dividend focused portfolio, if someone has enough invested to retire on, they're likely to receive a fair amount of dividends. Could you discuss how receiving, say, $12K a year in dividend income from your taxable account might affect this? It is my understanding that qualified dividends are taxed as capital gains, and I assume, would count towards the same limits as realizing a (long term) capital gain through stock sales, while non-qualified dividends (from something like a REIT) would be treated as ordinary income, but it would be nice to have this confirmed.
