Is your retirement tax plan built to strategically avoid RMDs and other forced income costing you thousands on Medicare? Many plans don't correctly account for IRMAA. You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.
Timestamps: 0:00 10 Things You Need to Know About IRMAA 0:15 What is IRMAA? 0:47 Consideration #1 - Tax Cliff 1:30 Consideration #2 - 2 Year Lookback 2:20 Consideration #3 - Unknown IRMAA Levels 3:09 Consideration #4 - 1 Year Reset 4:05 Consideration #5 - Taxable Income vs. MAGI 4:55 Consideration #6 - IRMAA as a Tax Rate 6:16 Consideration #7 - Appealing IRMAA 7:01 Consideration #8 - Benefits of a Penalty in the First Year 7:49 Consideration #9 - Joint Brackets, One Penalty 8:27 Consideration #10 - When a Spouse Passes
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