Most people don’t realize this…
Your Medicare premiums aren’t fixed. They’re based on your income — and even one good year can bump you into something called IRMAA (Income-Related Monthly Adjustment Amount).
In plain English: if your income goes above certain thresholds, you could pay hundreds more per month for the exact same coverage.
The good news? With a little planning, especially before retirement or big income events like Roth conversions or selling a business — you can often avoid or reduce IRMAA altogether.
We break down how IRMAA works, what income counts, and what you can do to stay ahead of it.
#financialplanning #taxplanning #retirementplanning