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The 2-Year Lookback: Medicare’s Hidden Income Surcharge | The Brad & Mike Show | EP 18
Medicare uses income from two years ago to help determine what you pay today, and that can lead to an unexpected income-related surcharge.
In this episode, Brad and Mike explain how IRMAA can increase Medicare Part B and Part D costs, why the surcharge may apply to both spouses, and what financial events can push your income into a higher bracket.
They also cover a story from real clients and how selling their business increased their surcharge. Other related topics explained:
• How the two-year income lookback works
• How Roth conversions and required distributions can affect premiums
• When…
The skinny
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