Medicare & Social Security--Timing & Tax Issues
We've described the Medicare Part B and Part D costs. And that they can be very significant for a single person and twice that for a couple. Essentially, over $500 and $1,000 per month respectively. That amounts to a large tax increase ("Adjustment" in government speak). Formal name: Income Related Adjustment Amount (IRMAA).
Causes and Remedies
This type of understanding and planning is an area we specialize in. The benefits of taking timely and smart actions can be very rewarding.
We would be delighted to help sort through this with you, and leave you in a much better position. For your gain, and the gratitude of those you care about who follow you.
St. Charles, MO 63303
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