Sadly the more prepared you are for retirement the more you may have to spend on medicare premiums. Many assume they will be free of health insurance premiums once they reach Medicare age. Others ...

Clients nearing Medicare age should know about IRMAA (Income-Related Monthly Adjusted Amount), inflation-adjusted surcharges on parts B and D of Medicare. IRMAA surcharges—which first appeared in 2007 ...

Most people on Medicare will pay about $2,100 in Part B premiums this year. But high-income beneficiaries will get socked owing as much as $6,708 instead, due to the surcharge they’ll pay known as ...

As we navigate through 2025, retirement planning continues to evolve with increasing complexity. Among the most significant yet frequently overlooked retirement expenses is IRMAA — the Income-Related ...

One of the big mysteries for me has always been how do Medicare and Social Security work when I go to actually start ...

IRMAA stands for Income-Related Monthly Adjustment Amount. It's an additional surcharge that some Medicare beneficiaries pay in addition to their standard monthly premiums for Medicare Part B and ...

The Income-Related Monthly Adjustment Amount (IRMAA) is a surcharge added to the standard premiums of Medicare Part B and Part D for high-income beneficiaries. This adjustment ensures that those with ...

There is an old saying for investors: “Don’t let the tax tail wag the investment dog.” For many years, this was good advice. But in recent years, taxes have become more complex and egregious, to the ...

A yellow sticky note on top of an IRS 1040 tax form with Roth IRA conversion tax strategy written on it. Many people don’t think of or are simply unaware of potential IRMAA Medicare surcharges when ...

IRMAA is an extra charge on top of your regular Medicare Part B and Part D premiums. It’s based on your income from 2 years prior. The Social Security Administration determines if you owe IRMAA based ...