It's time to about the IRMAA Tax, a.k.a. Medicare Income-Related Monthly Adjustment Amount, which is simply a tax by another name that is assessed when you join Medicare Part B or Medicare Part C. It's based on a special measure of Modified Adjusted Gross Income two years back in time.

Professor Kotlikoff talks with Dan McGrath and Mark Annese, the founders of IRMAA Certified Planner, an IRMAA certificate program for planners with specialized software that can be used to reduce your IRMAA payments. Mark and Dan are the experts with all the secrets. Topics discussed:

How the costs associated to health care are impacting investors’ retirement and Social Security benefits.
What you don’t know about IRMAA will hurt you and can cost you anywhere from almost $2K to $7k per year.
There are ways to limit your IRMAA tax.

--------------------------------------------------------------------------- Economic Matters - The podcast is hosted by Laurence Kotlikoff and moderated by Alex Kotlikoff. Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic. Facebook: ⁠⁠⁠⁠⁠⁠kotlikoff⁠⁠⁠⁠⁠⁠

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David Martin Jones on his book History’s Fools. How has idealism taken over the west? Why is this disastrous? And is China risking doing the same?