A spike in income could result in costly IRMAA charges on your Medicare premiums. We ask financial planning experts for ...

The IRMAA surcharge may impact millions more Medicare retirees, making it important to understand and manage its financial ...

When it comes to Medicare, premiums don’t always stop at the standard rate. If your income exceeds certain thresholds, you ...

You may also be able to strategically position your income to avoid the IRMAA surcharge altogether. Utilizing full or partial ...

Medicare costs are projected to rise by their highest amount in years. Here’s what to expect if you’re on Part B or Part D.

The income-related monthly adjustment amount (IRMAA) is a surcharge that Medicare adds to a person's premiums. It relates to their income. Learn more here.

For 2023, IRMAA kicks in if your 2021 MAGI was over $97,000; for married couples filing joint tax returns, above $194,000.

In 2024, the IRMAA for single taxpayers with incomes greater than $103,000 and less than or equal to $129,000 (between $206,000 and $258,000 for joint returns) will be $69.90 for Part B and $12.90 ...

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for "income-related monthly adjustment amount." ...

IRMAA are surcharges that are added to an individual’s monthly Medicare costs. These surcharges are taken directly out of their Social Security benefit and are based on the amount of income they ...

In the latest installment of Ask Bob, one reader sent in the following two inquiries: Question No. 1: Firm A calculated my IRA’s required minimum distribution (RMD) for 2024 to be $2,000. I ...