1st time Connect for Health CO app – does a 1x only 2020 401k withdrawal count against income for 2021 and must it be included in plan assistance app as income when it won’t recur in 2021?

Hey guys, what fun! First actual post on Reddit and it’s for adulty stuff. Wait. Not adulty, adultING.

Does a 1-time 401k withdrawal in 2020 count against next year’s CO Marketplace assistance determination? Am I required to include in Connect for Health CO App?

The Connect for Health CO site asks for withdrawals on retirement income for 2020. I totally withdrew, hard, for a long-stressed-over financial resolution of noneyerbusiness. 😉 Of course, I don’t want to think this 1-time thing would determine my eligibility for 2021’s financial breaks, as I foresee my part time no benefit status will stretch on.

With my COBRA related plan ending, and today being the 15th as of 30 mins ago, I like living on the ehhhhhhhdge. Thanks for joining for this excitement! Hate demonstrating I’m a dummy and I can’t figure out the nuance on this, or as usual I’m reading it through my personal wish bias. Salud!

submitted by /u/Perfect-Bag
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Hey guys, what fun! First actual post on Reddit and it’s for adulty stuff. Wait. Not adulty, adultING. Does a 1-time 401k withdrawal in 2020 count against next year’s CO Marketplace assistance determination? Am I required to include in Connect for Health CO App? The Connect for Health CO site asks for withdrawals on retirement income for 2020. I totally withdrew, hard, for a long-stressed-over financial resolution of noneyerbusiness. 😉 Of course, I don’t want to think this 1-time thing would determine my eligibility for 2021’s financial breaks, as I foresee my part time no benefit status will stretch on. With my COBRA related plan ending, and today being the 15th as of 30 mins ago, I like living on the ehhhhhhhdge. Thanks for joining for this excitement! Hate demonstrating I’m a dummy and I can’t figure out the nuance on this, or as usual I’m reading it through my personal wish bias. Salud!
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