The adjustments to your Part B and Part D premiums are called IRMAAs (Income-Related Monthly Adjustment Amount). In all cases, the IRMAA increases your Medicare premium by a specific amount based on your household income. This increase applies for the entire year.Medicare Part D mainly covers prescription medicine. For most households, it requires a monthly premium. The exact amount varies based on the Medicare Part D plan you choose, but you might also have an adjustment based on your household income.Medi ...

The years leading up to retirement can be tense. The prospect of no more paychecks and living off savings makes many soon-to-be retirees wonder what they can safely spend in that first year. According to Nick Hamilton, national manager of Alliant Retirement and Investment Services, that anxiety is normal. “It’s this massive year of transition,” he said. “You stop getting W-2 income, you stop funding accounts, and for the first time, you’re taking money out. Most people really just want to know: Am I goin ...