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Will My $100k Roth IRA Conversion Trigger Higher Medicare Premiums?

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Summary
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84% Informative

Medicare premiums for Part B and Part D premiums are tied to income brackets.

When retirement funds are transferred to a Roth IRA, the converted amount is treated as income.

If the amount converted is large enough, it can potentially push the Medicare recipient into a higher bracket and trigger a premium bump.

A number of strategies exist to manage this potential premium hike.

IRMAA looks at MAGI from two years before but uses tables that are updated each year .

Lanners may convert somewhat less than seems safe, so that there is room for error.

Other methods of managing Medicare premium focus on reducing income.

Consider talking to a financial advisor about the prospects for a Roth conversion increasing your Medicare premiums.