Ask Rusty – About Medicare’s Dreaded “IRMAA” Provision

Social Security Matters

Dear Rusty: My wife is on Medicare and receiving Social Security benefits each month. We built a house and used money from our investments to pay for it. We knew we would pay taxes on that withdrawal, but my wife got a letter from Social Security saying that because the money we withdrew was listed as income, her 2024 Medicare premium went up over $500. And since Medicare is taken...

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