How to Avoid Costly Medicare Mistakes by Planning for RMDs | Better Call Saul...Sehy & OG

Are you nearing retirement and wondering how to optimize your finances? 🌟 Discover the secrets to managing IRMAA, RMDs, and avoiding costly Medicare penalties in our latest episode! 💰
When it comes to retirement, strategic planning is key. Learn how to navigate the complexities of Required Minimum Distributions (RMDs) and the Income-Related Monthly Adjustment Amount (IRMAA) to minimize extra Medicare costs and maximize your savings. From understanding crucial tax brackets to timing your income streams effectively, we've got you covered.
In this episode, OG dives deep into a challenging question from stacker Tom, whose mother is on the brink of hitting IRMAA cliffs with her RMDs. We explore the pros and cons of taking early distributions, the impact of Roth conversions, and the importance of long-term financial modeling.
Don’t wait until it’s too late! Tune in to arm yourself with the knowledge you need to make informed decisions about your retirement income and Medicare expenses. Whether you’re just starting to think about retirement or you’re already in the planning stages, this episode is packed with invaluable insights.
👉 Have a question of your own? Leave us a voicemail at st.com/voicemail and you might get featured in a future episode!
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[@JoelZieve]

Great stuff - thanks guys! Love this shorter content, please keep them coming.

[@ashiquzzaman666]

Fantastic insights on retirement prep, especially about cushioning crashes. You guys always keep it informative and fun! Sent you a DM on Instagram. Keep up the great work, Joe and OG!