Large IRA or 401(k) balances can trigger Medicare surcharges through IRMAA once Required Minimum Distributions (RMDs) begin at age 73. Even modest withdrawals can push income over IRMAA thresholds, raising Medicare Part B and D premiums. Strategies like Roth conversions, Qualified Charitable Distributions (QCDs), and delaying Social Security can help reduce future IRMAA exposure. Speak with a Whitaker-Myers advisor to protect your retirement income.

The Social Security Administration COLA The Social Security Administration is set to announce the 8.7% cost-of-living adjustment (COLA)....

Healthcare has undoubtedly been a hot topic in the last few years. However, for those of us in the retirement planning industry, we’ve...