Medicare Premiums Could Cost You $1,500 Monthly - Mark Annese Interview

Brad and Mark Annese dive deep into the critical yet often overlooked topic of IRMAA—Income Related Monthly Adjustment Amounts—and how they affect Medicare premiums for retirees. They explain how IRMAA surcharges are tied to your modified adjusted gross income from two years prior and explore how decisions like when to retire, trigger Social Security, or sell assets like a business or second home can drastically impact your Medicare costs. Through real-life examples, including a Vietnam veteran’s unexpected financial penalty and the dangers of required minimum distributions from tax-deferred accounts, they emphasize the need for proactive retirement tax planning. The discussion also highlights strategies like Roth conversions and using annuities to manage taxable income and avoid future IRMAA brackets. This video is a must-watch for anyone nearing retirement who wants to protect their income and avoid costly surprises.