How 2025 IRMAA Impacts Your Medicare Part B Premiums Learn the Costs
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2025 IRMAA Brackets may surprise you! This surcharge can cost you hundreds more every year if you're not careful. In this video, I break down Medicare Part B D surcharges, how IRMAA works, and what you can do to avoid falling off the tax cliff. Are you aware that a small increase in your income could trigger a steep rise in your Medicare Part B D premiums due to IRMAA (Income-Related Monthly Adjustment Amount)? • You'll learn: • What IRMAA is and how it's calculated • Income thresholds for IRMAA in 2025 and beyond • How to avoid Medicare Part B D surcharges with smart financial planning • I also share my personal experience of how a one-time IRA distribution caused my husband and me to face an unexpected premium increase. Make sure you're prepared by managing your income carefully and using tax strategies to lower your Modified Adjusted Gross Income (MAGI)—because every dollar counts! • Subscribe to Living Life in the Silver Lane for more essential tips on Medicare, retirement planning, and saving money in your golden years! • Resource Links: • ๐ 2025 (Projected) IRMAA Brackets Surcharge Amounts - https://irmaa.com/2025-irmaa-brackets/ • ๐ 2025 IRMAA MAGI Calculation Explanation - https://secure.ssa.gov/poms.nsf/lnx/0... • ๐ 2025 IRS Tax Brackets Other Key Info: https://taxfoundation.org/data/all/fe... • Chapters: • 0:00 Intro / Problem • 0:29 What is IRMAA? • 1:25 Personal Experience Part B doubled • 2:15 2025 Part B Premium • 2:29 How IRMAA works • 3:02 2 year lookback • 3:27 2025 IRMAA Income Brackets (Projected) • 4:23 IRMAA Tax Cliff • 5:40 Tips: Avoid or Maximize Opportunity • 8:04 2026 Planning Tips • 8:14 IRMAA Appeal • 8:33 Withdrawal Strategy Alignment w/ IRMAA IRS Tax Rates • SAVINGS - FREE TRIALS • ๐ 30-day Amazon Prime Free Trial - Amazon Prime Free Trial - https://amzn.to/4dMX7LT • ๐ Amazon Audible Books - https://amzn.to/4gfgq2S • • GRATITUDE JOURNEY - MY FAVORITE ITEMS: • ๐ Do you want to start a Gratitude Journal? Here's a good one! - https://amzn.to/3zilpPP • ๐ Amazon.com eGift Card- https://amzn.to/3MYRUp8 • ๐ Watch how you can transform yourself by practicing Gratitude - How Gratitude Changed My Retirement Life • • MY FAVORITE TOOLS: • ๐นTubeBuddy - https://www.Tubebuddy.com/pricing?a=l... • ๐นVidiq - https://vidiq.com/SilverLaneLife • MY FAVORITE GEAR: • ๐ธ 4K webcam - https://amzn.to/4ejfeKd • ๐ธ Camera - https://amzn.to/4edd52u • ๐ค computer microphone - https://amzn.to/3MCx5jh • ๐คlapel microphone - 3 in 1 Wireless Microphone for iPhone, Camera, Android, iPad, Mini Microphone, USB C Microphone,- https://amzn.to/47hHcDw iPhone Mic, 2.4G Ultra-Low Delay • ๐ lights - https://amzn.to/3Zf1sDW • ๐ phone gimbal - https://amzn.to/3zaVLwa • ๐ Cell Phone Tripod Mount Adapter - https://amzn.to/4ghEK3Z • ๐ Green Screen - https://amzn.to/3B6UWVF • ๐ค Free Teleprompter: https://cueprompter.com/teleprompter.php • • Disclaimers: • ๐Affiliate Links: This video or video description contains affiliate links. That means that I am awarded a small commission for purchases made through them, at no added cost for you. • These commissions help support the channel and allow me to continue creating valuable content. I only recommend products and services that I have personally used or believe will add value to my viewers. Your support is greatly appreciated! • ๐ฐFinancial Information: I am not a financial advisor. The information provided on this channel is based on my personal experience and opinions. It is for informational and entertainment purposes only and should not be considered professional financial advice. Always consult with a qualified financial advisor before making any financial decisions. Your financial situation is unique, and the content on this channel may not apply to your specific circumstances. The strategies and tips shared here are meant to inspire and educate, based on my personal experience, but may not be suitable for everyone. • Results: Results may vary for different individuals. No guarantees are made regarding specific outcomes.
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