IRMAA – The Details Medicare’s Income Related Monthly Adjustment Amount or IRMAA for short is a progressive tax on a retiree’s income through Medicare if they happen to be earning “too much income”. How IRMAA works: In 2025 for individuals earning over $106,000 or couples earning over $212,000 in Modified Adjusted Gross Income (MAGI) the […]
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No matter what you’ve been told, Medicare’s Income-Related Monthly Adjusted Amount (IRMAA) is more than just a minor surcharge for retirees. IRMAA happens to represent a progressive tax on income that will significantly impact your retirement budget and bottom line later in life Granted, many in the financial industry, like your financial advisor and CPA,
We would like to state first that in no way should the U.S. privatize Social Security. This article is simply pointing out that changes must happen within the Social Security program, as the benefits do not reflect the reality of basic math—yes, basic math. How Social Security Works: Before highlighting the basic math that has
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