Financial Strategist Amanda Gerkens
Wants to Know:
Have You Met IRMAA?
It's a Tax Trap!
DID YOU KNOW: The ‘Income Related Monthly Adjustment Amounts’ (IRMAA) lets the government use your retirement savings against you to:
→ Raise Your Taxes
→ Increase Medicare Costs
→ Reduce or eliminate your social security
Benefits???
HAS YOUR ACCOUNTANT OR FINANCIAL ADVISOR TOLD YOU:
Why maximizing your social security could end up being a costly mistake?
Why you may get a letter from the social security administration that tells you your social security benefit has been eliminated?!?!
How you could end up paying the government instead of getting a check from Social Security?!?!
The 3 different ways your 401(k) could be taxed?
That IRMAA is a blatant redistribution of wealth!
Why your spouse could be taxed on income she or he never receives?!?!
These are all shocking truths few tax paying Americans know; here are more:
It doesn’t matter what real estate or the stock market do; all that matters is what the government is planning to do to your retirement income!
The government plans to take from those who have paid the most in taxes and shore up social security with your retirement savings!
SO: What is IRMAA?
IRMAA, or Medicare’s Income-Related Monthly Adjusted Amount, is a surcharge applied to Medicare Part B and D premiums for individuals with income exceeding specific thresholds. IRMAA is yet another tax on your income, but this time it is through Medicare….
What makes IRMAA a unique tax?
Unlike most taxes, IRMAA is completely avoidable and there is no reason at all that you or anyone you know should ever be trapped in it.
IRMAA is also progressive; the more income you have, the more the tax increases.
No matter what you’ve been told, Medicare’s Income-Related Monthly Adjusted Amount (IRMAA) is more than just a minor surcharge for retirees. It represents a progressive tax on income that will significantly impact your retirement budget and your bottom line later in life.
Many in the financial industry, possibly your financial advisor or CPA, currently view IRMAA as a sign of financial success.
It is far from it.
IRMAA is a time-bomb waiting to blow-up and without proper planning, it will quickly become an unexpected burden that you won’t be able to esccape.
However, your financial team may never discuss this or even fully understand the risk you or your spouse may face.
Why should you listen to me?
I am Amanda Gerkens. As a financial strategist for 25 years, I have become an expert in this little known yet hugely impactful trap. You can learn more about me here.
On January 21 I hosted a free webinar to educate tax payers, like you, how devastating this can be. I was bowled over by the number of guests who attended and the many questions they had! For that reason, I’m doing it again, February 25th, 1 p.m. Eastern / 10 a.m. Pacific. I’ll give you clear details on the threat and how to avoid it.
We’ll spend about an hour together so I can explain the IRMAA tax trap, in plain English, and how you can completely avoid it.
Can’t make the date? If you register yet can’t attend I’ll make a recording available to you. It’s that important!
I urge you: don’t miss this completely free, no obligation opportunity to understand exactly what IRMAA is and how to avoid its potentially devastating impact on your life!
Join us on February 25th, 1 PM Eastern / 10 AM Pacific for an easy to understand conversation online. Use the registration form to get your questions answered; reserve your space now. I don’t know when I might host this discussion again.
