What if a Roth Conversion causes you to owe a Medicare Penalty?

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Right now, Roth Conversions are one of the most powerful tax planning strategies retirees can use.

However, assessing how much to convert and when to convert can be a difficult undertaking. Especially when you consider all of the things you have to factor in.

A topic we receive a lot of questions around is coordinating Roth Conversions with Medicare IRMAA. For those that don't know, if your income is too high in a given year, you may become subject to Medicare premium increases.

In fact, there are five Medicare increase zones that you need to be aware of.

Well in this video, we are going to talk about each of these zones and talk through when and if it makes sense to perform a conversion and subject yourself to premium increases. The answer may surprise you...
#retirementtaxes #retirementincome #rothconversion #medicare #IRMAA

Видео What if a Roth Conversion causes you to owe a Medicare Penalty? канала Safeguard Wealth Management