Economics Matters with Laurence Kotlikoff cover image

The IRMAA Tax Is Coming For You with Mark Annese and Dan McGrath

Economics Matters with Laurence Kotlikoff

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Navigating RMDs, Medicare Irma Brackets, and Tax Considerations

The chapter explores the impact of Required Minimum Distributions (RMDs) on income, Medicare Irma brackets, and tax considerations within retirement planning. It delves into the complexities of choosing Medicare Part B and Part D plans, highlighting the variability in costs and the implications of income on IRMAA. The conversation provides a detailed financial analysis scenario, emphasizing how different income sources affect tax liabilities as individuals face RMDs and navigate tax brackets and Medicare costs.

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