The Hidden Medicare Penalty You Might Be Paying

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Think Medicare is free once you hit 65? Not quite. If your income's too high, there's a hidden surcharge that can quietly shrink your Social Security check by thousands a year. It's called IRMAA. And most people don't see it coming. Let's break down who's impacted and how to avoid it.

Here's some of what we discuss in this episode:

💰 IRMAA is a Medicare penalty based on income—not assets

🔙 It looks 2 years backward to determine your premiums

💥 One-time income events like property sales or Roth conversions can trigger IRMA

🧾 You can appeal the penalty with a simple SSA-44 form

🎯 Strategies like QCDs and tax-aware conversions help reduce exposured

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