The Hidden Medicare Surcharge That Hits Retirees With Over $109,000 in Income

Quick Read Medicare surcharges apply when income exceeds $109,000 (single) or $218,000 (married) based on earnings from two years earlier. IRMAA surcharges can raise Medicare Part B premiums from $202.90 to as high as $689.90 per month. Roth IRA contributions and strategic withdrawal timing can help seniors avoid triggering income-based Medicare surcharges. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more he ...