Retirement accounts are in trouble. However, out of a bad situation has come an opportunity for financial professionals to find success and to change the world.
The world of retirement is presenting a huge opportunity for success to financial advisors, retirement planners, life insurance agents, and others. Medicare is on track to cause major problems for Baby Boomer era retirees. While many upcoming retirees, and in truth many financial professionals, have not yet seen or refuse to see the danger, the evidence is there, and ignorance will only lead to pain. Using IRMAA Solution’s Medicare IRMAA Calculator, you can leverage this opportunity to educate clients, present solutions, and drive demand for your services.
Here is a quick overview of what is happening.
Social security has been receiving less money in funding than they are promising to shell out in benefits. At the same time, Medicare premiums have been rising. According to figures pulled from Social Security Administration, Social Security benefits are set to increase at a rate of ~2.8% (source), while Medicare premiums are expected to rise at a rate of ~7% (source). That means Medicare costs are set to increase at more than double the rate of Social Security benefits! Because Social Security and Medicare are intertwined programs, A person’s Medicare premiums are paid by taking money from there Social Security benefits. Using the government’s projected rates, we have found that a major portion of many Retiree’s Social Security benefits will be eaten up by Medicare costs. This travesty will likely leave them destitute in their old age!
Even people who have put their money in other retirement accounts such as 401(k)s are in a position to be broadsided. Medicare premiums are calculated based upon your income. People who make more money are expected to pay higher premiums to make up for those who cannot. This is referred to as IRMAA. Many Retirees think this won’t affect them because, “They will make less money now that they are not working.” Unfortunately, if the government can tax it, they consider it income. Many traditional retirement accounts, investments, and properties are taxable. This means that the government views these individuals as having higher incomes and raises their premiums. These raised premiums can completely swallow all social security benefits and leave an individual owing the government money!
What this means to you
While this situation spells disaster for retirement accounts, it can spell opportunity for you. As a financial professional, you have the chance to positively change the lives of your clients while increasing the demand for your services. And the best part is, IRMAA Solution’s Medicare IRMAA Calculator™ will do all the heavy lifting for you!
Medicare IRMAA Calculator™ is a game changing software that allows you to predict clients’ future Medicare costs quickly and accurately. This tool was designed to be easy to use so you don’t waste your time learning new software. It utilizes thousands of data points and performs the complex equations without requiring your assistance. All that is required of you is your client’s information.
With this software, you can quickly educate your clients, solve their problems, and become the hero they refer their friends to.
Using this software is a breeze!
Do you want to see just how simple to use this software really is?
With the Medicare IRMAA CalculatorTM, you can expect to:
Click the link to obtain your license for Medicare IRMAA Calculator so that both your clients and your bank account can live happily ever after!
This software is used by financial advisors in some of the world’s largest firms. Check out what they had to say.
I know it helped in $870,000 of life premium!
3 Advisors hired since October 2020
3mm new AUM 1.5mm in transit
$68,000 life commissions since September 2020
$442,000 annuity premium