Quote:
Originally Posted by Boomer
If you have an IRA and have reached RMD age — and that is what is throwing you into IRMAA — using a QCD as part, or all, of the RMD might avoid IRMAA.
If donated directly to a qualified charity, the amount of the QCD does not get added to the AGI.
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Quote:
Originally Posted by Two Bills
OK!  |
“OK,” you say, Two Bills.
I think I can see your meaning here on this early morn — early for me — not for you — if still across the pond.
You do not have to worry about all the abbreviations that we front-end Boomers here need to be aware of — as we go slouching toward our ever increasing Medicare costs.
I appreciated the laugh though — first thing this morning.
I think you might appreciate what a good friend said to me when I was regaling her with the the same thing I said in my post above……..
With a look of pure ennui, she said, “RMD? QCD? AGI? WTF?”
(OMG! That reminds me. Time is drawing nigh. I must figure out my Plan D choice for 2022. We have decided to continue to cling to our Plan F, although maybe a Plan G or a Plan N would be OK???)…….
ABCDEFGeeeeHIJKLMNOPeeeeQRSTUVeeeeWXY
andZeeeeee…………
Boomer