I would rather have the people than the money, and I am blessed they thought of me before they went.
As for my questions:
The money is invested in all kinds of odd things via Edward Jones (cash, stocks, mutual funds). I would like to move it out to vanguard and I would like to do it sooner rather than later, but I need to take into account what counts towards taxes and MAGI (ACA subsides).
In my research so far, it looks like gains will be taxed as long term capital gains even if I don't hold them for a year. Is this correct?
There is information on the Edward Jones site with the cost basis and gains information, I'm using that to determine possible income ramifications, just like i would for my normal investments. Is that correct or am I missing something? For example, there is some secured cash, (no gains or cost basis) if I removed that, it will have zero impact on my MAGI correct?
Any other obvious holes for me to fall into?
Thank you,
Loren