Do IRA Contributions Count as Income?

Are you of retirement age?  If so, yes, they do. 

If not, have you been withdrawing IRA contributions for the past 2 years and can you withdraw the same amount(s) for the next 3 years if you chose to?  If so, then yes you can.

If not to either of above, you have another option which is to set up a Trust that pays you with a 3+ year continuance.

For example,

Let’s say your IRA has $600,000 and establishes a Trust that pays you $10,000 a month. 

$10,000 a month is $120,000 annually and $120,000 into $600,000 is 5. 

Meaning you will have 5 years of income continuance which is more than the 3 required allowing you to add/count the $10,000 towards your monthly qualifying income.

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