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#irmaa — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #irmaa, aggregated by home.social.

  1. A 73 Year Old With $1.5 Million in a 401(k) Discovers RMDs Will Trigger a $280,000 Cumulative Tax Bill

    Quick Read RMD divisor shrinks yearly: at 73 earns $56,604, yet 17-year cumulative RMDs approach $1.4 million taxed…
    #NewsBeep #News #Personalfinance #AU #Australia #Business #effectiverate #federalrate #Finance #Financialadvisor #incometax #IRMAA #MAGI #PersonalFinance #SocialSecurity
    newsbeep.com/au/690757/

  2. A 73 Year Old With $1.5 Million in a 401(k) Discovers RMDs Will Trigger a $280,000 Cumulative Tax Bill

    Quick Read RMD divisor shrinks yearly: at 73 earns $56,604, yet 17-year cumulative RMDs approach $1.4 million taxed…
    #NewsBeep #News #Personalfinance #AU #Australia #Business #effectiverate #federalrate #Finance #Financialadvisor #incometax #IRMAA #MAGI #PersonalFinance #SocialSecurity
    newsbeep.com/au/690757/

  3. Here Is Why I Would Tell a 71-Year-Old With $4 Million to Spend Down the Traditional IRA First

    Quick Read A 71-year-old with $2.5M in a traditional IRA faces a $104,000 RMD at 73 that triggers…
    #NewsBeep #News #Personalfinance #Business #CA #Canada #Finance #financialadvisor #IRMAA #PersonalFinance #Roth #traditionalIRA
    newsbeep.com/ca/678702/

  4. The 401(k) Tax Bomb That Hits Retirees With $2.5 Million: $7,862 Monthly RMDs Plus IRMAA Surcharges

    Quick Read $2.5M balance divided by 26.5 forces $94,340 RMD at 73, stacking to 40% effective marginal rate…
    #NewsBeep #News #Personalfinance #Business #CA #Canada #Finance #financialadvisor #IRMAA #Magi #PersonalFinance #Rothconversions #taxableincome
    newsbeep.com/ca/669011/

  5. The $3.2 Million 401(k) Tax Bomb That Early Retirees Can Dodge With Strategic Conversions

    Quick Read Converting $2.8M over 14 years at 17% blended rate cuts RMDs from $225K+ to under standard…
    #NewsBeep #News #Personalfinance #AU #Australia #Business #conversion #Finance #Financialadvisor #IRMAA #PersonalFinance #SocialSecurity #standarddeduction #taxableincome
    newsbeep.com/au/665026/

  6. The 401(k) to Roth IRA Rollover That Lets Retirees Pay Zero Taxes on Their Medicare Premiums

    Schwab U.S. Dividend Equity ETF (SCHD) yields 3.46% and produces tax-free income within a Roth IRA without affecting…
    #NewsBeep #News #Personalfinance #Business #CA #Canada #Finance #IRMAA #Magi #Medicare #PersonalFinance #Rothconversion #Rothconversions #rothira #SocialSecurity
    newsbeep.com/ca/609073/