Medicare, IRMAA, Social Security, Roth Conversions, Taxes, RMDs, and Trusts: Q&A #2401

January 6, 2024

Medicare, IRMAA, Social Security, Roth Conversions, Taxes, RMDs, and Trusts: Q&A #2401

Jim and Chris discuss listeners questions relating to Medicare, IRMAA, Social Security, Roth conversions, taxes, RMDs, and trusts.

(5:00) George from Arizona asks why Medicare doesn’t “true up” IRMAA penalties on a tax return.

(12:00) George in Florida wonders if a couple has to be married for 10 years consecutively to qualify for a Social Security spousal benefit.

(20:30) A listener from Michigan looks for advice on Medicare as an eventual USPS Federal retiree.

(32:15) A listener comments on this week’s EDU show and provides some helpful insight on resources for Medicare.

(35:45) George in Oregon asks a couple of questions relating to Roth conversions and the best way to pay taxes on the conversions.

(39:45) A listener wonders if he and his wife’s aggregate required minimum distribution (RMD) can be satisfied by taking the distribution from his IRA only.

(43:00) A new listener looks for investment options/suggestions to make up for his lack of Social Security benefit in retirement.

(1:01:30) A Michigan listener asks about listing “master trusts” and sub-trusts” as beneficiaries to an IRA in Charles Schwab.

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