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from24/7 Wall St.
1 week ago

A 55 Year Old With 2.5 Million Dollars in Apple Stock: Key Factors to Review Before Selling

He has accumulated $2.5M in Apple stock that was purchased three decades ago. Now, it is almost all capital gains. He wants to draw on this income to fund his first few years of retirement, but doing so would count as Modified Adjusted Gross Income (MAGI). This would likely trigger higher taxes. So, how does he get around it? Let's look at his situation and see what others can learn from it.
Apple
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