Insights

Most people spend years planning for retirement income. They model withdrawal rates, stress-test portfolios, and carefully sequence which accounts to draw from first. What very few of them plan for is the possibility that earning one dollar too much could cost them thousands. That is exactly what IRMAA does.

For pre-retirees in their 50s and 60s, a higher tax bill is sometimes the smartest move you can make. Here is why the conventional wisdom of always minimizing taxes may be working against you.