IRMAA Surcharges Rise in 2023 Cutting Some Seniors Social Security in HalfThey are called Income-Related Monthly Adjustment Amounts, or IRMAA. Many Medicare beneficiaries are shocked when their Social Security is drastically reduced by this hidden tax they never saw coming.
By: Bonko TV Premiums for Medicare Part B are pricey but 7% of people with Part B get hit with a special Medicare monthly surcharge that can boost those premiums dramatically. The Income Related Monthly Adjustment Amounts (IRMAA) will allow the government to use your retirement savings to potentially raise your taxes, increase Medicare costs and in some cases even reduce or eliminate your social security benefits. For some, their income can be severely damaged by this IRMAA tax. According to calculations they may have to pay well over a million dollars for Medicare during their lifetime, eating up their Social Security in many cases. Don't wait to get a letter from the social security administration that tells you your social security benefit has been eliminated. For anyone with a higher-than- https://www.youtube.com/ If you're in the Chicago area, learn how you can protect your Social Security benefit and your savings from this hidden tax in retirement. Navi Dowty's next seminar is scheduled to be held May 30, 2023, at the Illinois Institute of Technology located at 201 East Loop Road Wheaton IL 60189. The class will be held in the morning at 11:00 am and a second class at 4:00 pm. To register for this upcoming event at no cost Call (630) 839-9326. You must be registered to attend. Space is limited. This extremely important event will cover the IRMAA Government law highlighting how you can protect your social security. For more information on Navi Dowty and to get a free copy of his popular "Save Taxes Checklist", Visit: https://navidowty.com End
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