Did you know that even one extra dollar of income in retirement may trigger higher taxes, Medicare premiums, or health insurance costs?

This week, Dan Reese explains common retirement planning situations where a single extra dollar in income can unexpectedly spike your taxes, Medicare premiums, and insurance costs. From IRMAA surcharges to Social Security taxation rules to ACA subsidy limits, Dan explains how understanding these often overlooked thresholds can help retirees make more informed financial decisions.

He also walks through smart strategies to avoid them, like Roth conversions, withdrawal sequencing, and charitable giving tactics that can help protect your nest egg and optimize your income.

What you’ll learn:

• How IRMAA charges can balloon Medicare costs overnight
• The surprising way Social Security gets taxed and why it’s so outdated
• The ACA income cliff that could cost you thousands in health subsidies
• Proactive planning tools to keep your retirement tax-efficient
• And more!

Resources:

• Carson Wealth Retirement Readiness Quiz
• The Danger of Not Knowing What You Don’t Know (Ep. 17)

Connect with Dan Reese CFP®:

• Avery Wealth
• LinkedIn: Avery Wealth
• LinkedIn: Dan Reese

Disclosure: Converting from a traditional IRA to a Roth IRA is a taxable event.