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 utilizing them. We pay into them for decades of our working life, but most ...

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 ...

Single filers and those with other filing statuses have lower thresholds. Each year, Medicare adjusts these brackets for inflation, so plan for annual changes. Even a modest IRMAA surcharge can ...

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 ...

“Your retirement income could trigger a Medicare penalty you didn’t even know existed.” Most retirees think of Medicare as a safety net — a predictable, reliable program that helps cover health ...

“It’s not a penalty — it’s a surprise tax hike disguised as a Medicare premium.” That’s how I describe one of the sneakiest traps in retirement: the Income-Related Monthly Adjustment Amount, better ...

If you have Medicare Part B and/or Medicare Part D prescription drug coverage, you could owe a monthly surcharge based on an income-related monthly adjustment amount (IRMAA). This surcharge is paid by ...