We do love it when someone refers a family member or friend to us.  Sometimes the question is, “How can we introduce them to you?”   Well, there are multiple ways but a very easy way is to simply forward them a link to this webpage.

Here are this week’s items:

We do love it when someone refers a family member or friend to us.  Sometimes the question is, “How can we introduce them to you?”   Well, there are multiple ways but a very easy way is to simply forward them a link to this webpage.

Here are this week’s items:

The Coming Retirement Tax Problem Roth Conversions, RMDs and Medicare IRMAA

Radon and Murs discuss the tax problem quietly building for anyone with a large 401(k) or IRA, required minimum distributions, Roth conversions, and the Medicare IRMAA surcharge that catches even careful savers off guard. Listen in to learn about how RMDs are calculated once you reach your 70s, why a disciplined saving habit can turn into a bigger tax bill than expected, how a Roth conversion strategy can smooth that out over time, and how Medicare’s IRMAA surcharge fits into the timing of it all.  

The Coming Retirement Tax Problem Roth Conversions, RMDs and Medicare IRMAA

We recently sat down with someone who could walk us through their household’s retirement accounts almost entirely from memory. After managing the money for decades, the balances, contributions, and history were familiar territory.

That knowledge had helped get the household to retirement. Now, the questions were starting to change.

How much would eventually have to come out of those retirement accounts? What would those withdrawals mean for taxes? Could moving money into a Roth help? And if so, could that decision affect Medicare premiums later?