If I Convert $235k to a Roth IRA, Will It Affect My Medicare Premiums?

  • Posted on November 20, 2024
  • By Yahoo News
  • 2 Views
If I Convert $235k to a Roth IRA, Will It Affect My Medicare Premiums?

Because Medicare premiums are tied to income, converting a $235,000 retirement account to a Roth IRA has the potential to cause Medicare Part B premiums to increase. For many taxpayers, in fact, a single-year conversion of that magnitude could more than triple the amount of the monthly premium most Medicare enrollees pay for Part B […] The post If I Convert $235k to a Roth IRA, Will It Affect My Medicare Premiums? appeared first on SmartReads by SmartAsset.
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