401(k) Withdrawals Affect Medicare Costs
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I Plan to Withdraw $110k From My 401(k) This Year. Will This Cause My Medicare Premiums to Go Up?
83% Informative
Your 401(k) withdrawals can affect how much you spend on Medicare .
Most households pay premiums for Medicare Part B and Part D.
If your income goes up, such as by making a withdrawal from a taxable retirement account, your premiums can increase too.
The good news is that your premiums are recalculated each year .
Consider speaking with a fiduciary financial advisor for specific guidance.
An additional $110,000 in taxable income will almost always increase Medicare Part B and Part D premiums.
Medicare premiums are not affected by Roth IRA or Roth 401(k) withdrawals.
The right financial advisor can help you build and navigate your personal retirement strategy.
Do not forget the things Medicare doesn't cover.
VR Score
83
Informative language
80
Neutral language
74
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informal
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English
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30
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not offensive
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Attention-grabbing headline
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long-living
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9
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