Talk of The Villages Florida - View Single Post - IRMAA not worth getting excited over unless LARGE IRA
Thread: IRMAA not worth getting excited over unless LARGE IRA
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Old 10-21-2023, 10:33 AM
Boilerman Boilerman is offline
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Originally Posted by CoachKandSportsguy View Post
But remember that many times, you can control events, and at other times, you can't control events, and this is a time where you can't control events. the IRMAA tax is transitionary for those with windfalls or other wealth point issues.
I don’t think people with lots of money have any less aversion to paying taxes as those who don’t. IRMAA can be permanent, not just transitory in some situations. But Roth conversions can, done properly, give you control over future RMDs and taxable income so one can avoid IRMAA and other consequences of having higher taxable income.