I have the greatest respect for your projections. I have many clients who are asking me not because of IRMMA but what's the best thing for them in the long run? And the problem with any of these projections is: What will be the rate of investment growth? What will be the tax rates in the future?
And what the effect of a reduced amount to invest because of the taxes required to be paid in the year of conversion. If you're
in a higher bracket the investment amount could be reduced by 20-30% which will affect the yield and growth.
Someone mentions that the sale of a house (particularly a non-residence) could cause an increase in IRMMA (which will calculated for 2024 based on your 2022 return). Yes it could but there a form you can file which requests medicare to reduce the premium based upon non-recurring events or life changing situations. Their response to filing this form is very quick.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
Last edited by Haggar; 10-17-2023 at 08:51 PM.
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