A financial adviser explains how a client could have unwittingly triggered the Medicare surcharge and what others need to ...

This charge is known as the income-related monthly adjustment amount (IRMAA) and if you’re not aware of it, it could catch you by surprise. IRMAA is an extra charge that is applied to Medicare ...

If you take the distribution as a lump sum, however, you could initially trigger IRMAA. The first IRMAA level starts for Medicare beneficiaries who file individual tax returns when their MAGI hits ...

But if your home has an even higher gain, it will be subject to capital gains taxes — and the IRMAA adjustment. Taking a lump sum payout of a pension benefit, which becomes taxable income ...

What is IRMAA and how does it effect your retirement income? On this episode of Retirement Report, host Hank Parrott is joined by financial advisor Aristotle McDonald to explain IRMAA and taxes on ...

You have been introduced to Medicare's girlfriends: MAGI (modified adjusted gross income) explains what your yearly income bracket is, and IRMAA (income related monthly adjusted amount ...

You have a few options, but be mindful that the tax impact and IRMAA implications of each won ... If you choose to take the QDRO distribution as a lump sum and deposit it into your checking ...