Скачать или смотреть 💰 3 tax mistakes: RMDs, IRMAA surcharges, skipping Roth conversions

Many retirees assume their tax bill will shrink once they stop working—but as a financial planner who has helped hundreds of people retire, I've seen the opposite be true for these 3 reasons 💰

1. Underestimating Required Minimum Distributions (RMDs)

In your 70s, the IRS forces you to withdraw from pre-tax accounts like 401(k)s and IRAs—whether you need the money or not. These withdrawals increase your taxable income, which can push you into a higher tax bracket, raise your Medicare premiums, and even cause more of your Social Security to be taxed. Many retirees are shocked by how much RMDs impact their overall tax situation.

2. Triggering Medicare IRMAA Surcharges

Medicare isn't free, and if your income exceeds $212,000 for married couples or $106,000 for individuals (in 2025), you'll pay Income-Related Monthly Adjustment Amount (IRMAA) surcharges. These surcharges can range anywhere from just over $1,000 per person per year to over $6,000 per year per person. One large withdrawal or Roth conversion can trigger these surcharges for two years.

3. Thinking Roth Accounts Aren't Worth It in Retirement

Many retirees assume Roth conversions only make sense when they still have decades for growth, but that's not true. If you retire before taking Social Security, you may have several years of low taxable income—the perfect time to convert pre-tax dollars into tax-free Roth money at lower rates. This window of opportunity doesn't last forever.

Learn more about planning for retirement at skinnerwealthstrategies.com/meet-brian

#retirement #taxplanning #medicare #rothira