You retire, you've done everything right: saved, invested, even paid your taxes.

Then a few months into your first year on Medicare, a letter from Social Security tells you your premium is going to be two, three, even FOUR TIMES what your neighbor pays.

Same Medicare, same doctors, same coverage, just a much BIGGER bill.

It's not a loophole or a rumor. It's an actual line in the tax code, and it works the same whether you own a business or not.

It's called IRMAA, and it catches more successful retirees off guard than almost anything I see in my practice. In this episode, I break down how the decisions you make before December 31st of this year decide what you'll pay for Medicare two years from now.

You’ll also learn:

- The two terms you need to know - MAGI and the two-year look-back

- Why IRMAA is actually one of the most predictable costs in retirement, and the form that can get your surcharge reduced if you've had a qualifying life event

- How one extra dollar of income can cost a couple over $2,000 a year, and why married couples get hit twice as HARD

- Why tax-free municipal bond interest still counts against you

- How to plan Roth conversions with Medicare's price tag in mind

- The often-overlooked "widow's penalty" that can double a surviving spouse's premium

If you're 63 or older, this episode could help you protect thousands of dollars before the year ends.

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You've built something real.

Let's make sure it stays that way.

I help business owners and high-achieving families build clear, practical financial plans that hold up when life doesn't go according to plan.

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Parallel Financial, LLC is a member firm of The Fiduciary Alliance, LLC, which is a registered investment adviser. More information about Parallel Financial can be found in Form ADV Part 2 which is available upon request. This website is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security or other investment, or to undertake any investment strategy. Opinions expressed herein are solely those of Parallel Financial, LLC, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.

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