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IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.
If you make above a certain income, expect to pay more for Medicare, due to the IRMAA, unless you take steps to lower your income. Here's one way to do it.
The surcharges can come as a shock to high-income clients who don't manage their income ahead of time.
Mitigating IRMAA involves a client managing their MAGI as they approach or reach the Medicare eligibility age of 65.
Capital gains and the resulting taxes can complicate retirement. These are the strategies you should know about.
Forbes Advisor's Mortgage Calculator uses home price, down payment and other loan details to give you an estimate calculation on your monthly mortgage payments.
Typically, Medicare’s Income-Related Monthly Adjustment Amount (IRMAA) is determined by your Modified Adjusted Gross Income (MAGI) from two years ago.
While a conversion can be the right thing for some retirees, or soon-to-be-retirees, to do finance experts suggest 10 times you should not do a Roth conversion.
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