C2 Retirement Advisors | Social Security • Medicare • Retirement Income
Retirement Income Strategy
The #1 fear retirees have is running out of money. Without a clear income plan, retirement feels uncertain and stressful, because the income piece is missing.
But there's another hidden threat most people don't see coming: IRMAA — Income-Related Monthly Adjustment Amount.
The IRMAA tax trap
When your income crosses certain thresholds in retirement, Medicare doesn't just cost you the standard premium — you get hit with IRMAA surcharges that can add hundreds of dollars per month to your Medicare Part B and Part D costs.The triggers? Things like:
Taking too much from your IRA in one year
Roth conversions done without IRMAA planning
Capital gains from selling investments
Pension income combined with Social Security
One wrong move can cost you thousands in extra Medicare premiums that year. And it is based on both spouse’s MAGI (Modified Adjusted Gross Income) two years ago.Traditional advisors rarely factor IRMAA into their withdrawal strategies because they're focused on portfolio performance, not tax-efficient distribution planning. I help you structure your income to avoid IRMAA penalties while still getting the money you need. I create a simple, structured income strategy so you know exactly:
How much you can safely spend each year
Which accounts to use first, second, and last
How to minimize taxes and avoid IRMAA surcharges
How to protect your savings from healthcare costs with the HealthGuard ™ Account
How to ensure your money lasts as long as you do