We often receive IRMAA questions from clients and other people who visit our blog. Below are a few of the most common questions. As we see more questions, we will continue to update this page. If you have a question, please share it with us and we will do our best to answer it!
If you have recently experienced a life-changing event, you may be able to use Form SSA-44, (also known as Medicare Income-Related Monthly Adjustment Amount – Life Changing Event) to lower or eliminate your IRMAA.
We often receive Roth conversion questions from clients and other people who visit our blog. Below are a few of the most common questions. As we see more questions, we will continue to update this page.
Email fraud is on the rise, as most people know. What is surprising, though, is how phishing email scams are on the rise amongst financial advisors. These types of phishing scams are known as business email compromises (BEC) scams.
If you’re reading this article, you might be wondering why you’re paying more in Medicare premiums than you used to. The reason for that would be IRMAA—Income-related monthly adjustment amount. We previously wrote a shorter article on IRMAA, and we’ve discussed how a life-changing event might allow you to lower your Medicare premiums.
Retirement accounts can also be used to support charitable causes. Beginning at age 70 ½, anyone with a traditional IRA can donate up to $100,000 per year to a qualified charity. This is known as a qualified charitable distribution (QCD). A married couple can contribute $100,000 per year, per person. The benefit of doing this is that any QCD is made tax-free.