3 Costly Retirement Tax Traps (And Ways to Avoid Them)
Today, Scott Sierens, CFP®, uncovers three major retirement tax traps that could push you into a higher tax bracket, increase your Medicare premiums, and reduce your Social Security benefits.
Tag: IRMAA
Read More »
3 Roth Conversion Factors You Need to Know
While the tax piece of Roth conversions is extremely important, we’ve found is that there are three factors people need to consider before making any final decisions.
How to Reduce or Eliminate Medicare IRMAA Premium Surcharges
Do you want to find out how to reduce or eliminate Medicare IRMAA premium surcharges? Today we’ll explain how IRMAA works and talk about five ways to help you get rid of these surcharges.
IRMAA & Roth Conversions, Filing Separately, Lump Sum Withdrawals, Unexpected Income – Tax Planning Mailbag
Today, we’re diving into the listener mailbag once again, to answer your questions on tax planning and strategies for the year ahead. As we approach the end of the year, it’s crucial to get your financial ducks in a row so that you can keep more of your hard-earned money. Scott offers valuable insights on whether to file taxes jointly or separately, how IRMAA can affect your Medicare premiums, tax surprises that can be caused by receiving unexpected income, and more.