Paul Morrison

Paul Morrison, a financial advisor and the brains behind the IRMA Certified Planner designation, dives into the challenges retirees face with Medicare premiums. He reveals how the IRMAA surcharge can outpace Social Security COLAs, potentially consuming retirees’ benefits. With concrete examples, he explains how extended periods in higher IRMAA brackets can lead to out-of-pocket expenses. Paul also discusses appeal strategies and the importance of proactive tax planning to potentially mitigate these costs.