Protecting Your Retirement Income from IRMAA Surprises
Helping You Manage Medicare Costs & Optimize Your Retirement Strategy
Expert Financial Planning Services to Minimize Medicare Surcharges for High-Income Retirees.
NESTEGG WEALTH ADVISORS | 5706 ROWLETT RD #200 | ROWLETT, TEXAS 75089 | 972-412-6064
LUNA WEALTH MANAGEMENT
7887 E. BELLEVIEW AVE, SUITE 1100
GREENWOOD VILLAGE, CO 80111
303.525.4434
© Copyright 2017-24, Virtue Financial, Inc. Virtue Advisors is an insurance marketing organization based out of Nashville, Tennessee, USA and is the IMO/FMO and sister company of Virtue Capital Management, LLC , an SEC registered investment advisory firm—both entities form the parent company Virtue Financial.All photos, content and information on this site is protected by copyright and any duplication or use without consent is strictly prohibited.
© Copyright 2017-24, Virtue Financial, Inc. Virtue Advisors is an insurance marketing organization based out of Nashville, Tennessee, USA and is the IMO/FMO and sister company of Virtue Capital Management, LLC , an SEC registered investment advisory firm—both entities form the parent company Virtue Financial.All photos, content and information on this site is protected by copyright and any duplication or use without consent is strictly prohibited.
About Us: Your Partners in Navigating
Medicare & IRMAA Planning
WHAT WE DO
At NestEgg Wealth Advisors, we specialize in helping high-income retirees manage the impact of the Income Related Monthly Adjustment Amount (IRMAA) on their Medicare premiums. Our goal is to provide personalized financial strategies that protect your retirement income and minimize unexpected Medicare costs.
IRMAA Advisory Services is a dedicated team of financial professionals who understand the complexities of Medicare and its impact on high-income retirees. We focus specifically on strategies that help you minimize the Income Related Monthly Adjustment Amount (IRMAA), a surcharge that can add unexpected costs to your retirement budget.
WHAT IS IRMAA?
Many high-income retirees are caught off guard by the additional Medicare charges known as IRMAA. These surcharges are based on your income and can significantly increase your Medicare Part B and Part D premiums. Through careful planning and strategic income management, we can help reduce or even avoid these surcharges, ensuring you keep more of your hard-earned savings.
HOW WE CAN HELP
Our mission is to protect your retirement lifestyle by providing tailored financial planning solutions that address the specific challenges posed by IRMAA. Schedule a free consultation with one of our IRMAA specialists and learn how we can help you avoid costly Medicare surprises.
Our Approach: A Comprehensive Strategy to
Delivering Holistic Financial Solutions
A COMPREHENSIVE APPROACH
We take a comprehensive approach to retirement planning, combining tax-efficient strategies, income management, and Medicare guidance to deliver holistic solutions. Our process includes:
• Detailed Income Analysis: We assess your current and projected income to determine your IRMAA exposure and identify potential areas of savings.
• Strategic Planning: Based on your analysis, we develop customized strategies to manage your income, optimize distributions, and reduce taxable events that could trigger IRMAA surcharges.
• Medicare Coordination: We help you align your Medicare enrollment decisions with your financial strategy, ensuring that you’re fully informed about how IRMAA affects your choices.
• Ongoing Monitoring & Support: IRMAA is recalculated annually, so we provide continuous income monitoring and adjust your strategy as needed to stay within favorable thresholds.
WHY IRMAA EXPERTISE MATTERS
IRMAA surcharges can significantly affect your retirement budget. Without proactive planning, you could face higher-than-expected Medicare costs each year. By working with a specialist who understands IRMAA and its impact, you can take control of your retirement plan and keep more of your wealth intact.
Services: Tailored Solutions for
Managing Your IRMAA Exposure
PLANNING WITH A FOCUS ON MEDICARE & IRMAA EXPOSURE
We take a comprehensive approach to retirement planning, combining tax-efficient strategies, income management, and Medicare guidance to deliver holistic solutions. Our process includes:
OUR CORE SERVICES INCLUDE:
• IRMAA Impact Assessment: We analyze your current and projected income to determine your potential IRMAA exposure. From there, we craft strategies to minimize surcharges.
• Tax-Efficient Income Planning: Our tax-efficient planning strategies help reduce taxable income, such as strategically timing withdrawals from retirement accounts, Roth conversions, and managing capital gains.
• Medicare Enrollment Assistance: We guide you through your Medicare enrollment options while aligning them with your financial goals to mitigate IRMAA costs.
• Ongoing Monitoring & Adjustments: IRMAA thresholds change annually, as does your income. We provide continuous monitoring and make adjustments to keep your Medicare premiums as low as possible.
IRMAA CALCULATOR
A simple tool to estimate your potential IRMAA surcharges based on your income.
WEBINARS
On-demand webinars covering IRMAA strategies, tax planning, and retirement income optimization.
WHITEPAPERS & GUIDES
Download expert guides on minimizing IRMAA, understanding Medicare, and creating a tax-efficient retirement plan.
Case Study: Reducing IRMAA Costs
for a High-Income Retiree
Resources: Tools to Help You Make Informed
Medicare & Retirement Decisions
CLIENT BACKGROUND
• Name: John and Mary Smith
• Ages: Both age 72
• Filing Status: Married, filing jointly
• Annual Income (2022): $240,000
• Income Sources:
Pension: $60,000
Required Minimum Distributions (RMDs): $100,000
Capital Gains from Investments: $40,000
Social Security Benefits: $40,000
PROBLEM
In 2024, John and Mary discovered that their Medicare Part B and Part D premiums had increased significantly due to IRMAA surcharges. Their income placed them in the second IRMAA bracket, resulting in surcharges totaling $7,512 for 2024 and will increase every year. They needed strategies to lower their taxable income and avoid high IRMAA surcharges in the future.
STRATEGIES IMPLEMENTED
Roth Conversions Over Multiple Years:
The Smiths’ RMDs were a major contributor to their high taxable income. They began converting a portion of their traditional IRA funds into a Roth IRA over several years, taking advantage of lower-income years before age 73. Roth conversions temporarily increase taxable income, but once in the Roth IRA, the funds grow tax-free and do not contribute to future IRMAA calculations.
Tax-Loss Harvesting:
The Smiths’ financial advisor recommended selling investments at a loss to offset gains. This strategy helped reduce their taxable income while maintaining their overall investment portfolio, keeping them below a critical IRMAA threshold.
Charitable Contributions via Qualified Charitable Distributions (QCDs):
Instead of using after-tax dollars, John and Mary began donating directly from their IRA as QCDs. This satisfied part of their RMD requirement while reducing their taxable income, excluding the QCD amount from their adjusted gross income (AGI), which directly impacts IRMAA calculations.
Strategic Withdrawal Planning
The Smiths adjusted the order of withdrawals from different accounts, balancing tax-free Roth withdrawals with taxable account distributions. This allowed them to manage their taxable income effectively while still meeting their spending needs.
Deferring Capital Gains
They strategically deferred selling appreciated investments in higher-income years. By timing capital gains realizations for lower-income years, they avoided pushing their income above critical IRMAA thresholds.
RESULTS
By implementing these strategies, John and Mary successfully reduced their taxable income below the $206,000 threshold (for married couples), resulting in lower IRMAA surcharges. Their Medicare Part B and Part D premiums dropped by approximately $3,000 in the following year. The combination of Roth conversions, QCDs, and tax-efficient withdrawal strategies positioned them to consistently stay in a lower IRMAA bracket, saving thousands.
LESSONS LEARNED
Proactive Planning is Essential
Effective IRMAA management requires advance planning, particularly regarding income sources that trigger higher premiums. By considering future IRMAA thresholds, retirees can avoid costly surprises.
Flexible Income Sources are Key
Having access to a variety of income sources—Roth IRAs, taxable accounts, tax-deferred accounts—enables retirees to manage their taxable income and minimize IRMAA surcharges.
Integrating Tax and Medicare Strategies
IRMAA management involves coordinating tax planning, charitable giving, and investment strategies. A holistic approach reduces both taxes and Medicare premiums
Meet Your Financial Professional, Rick Lucas.
Rick Lucas has been assisting investors since 2002. He has advised retirees of Fortune 500 companies as well as business owners, government employees and teachers in matters of retirement and estate planning. Being a Registered Investment Advisor, Rick serves in a fiduciary role to all his clients while educating them on a new way to think about money and investing.
Rick has also developed a specialty in working with clients who want to grow and protect their wealth in a tax efficient manner and ensure their money lasts. Over the years, Rick has helped his clients use different strategies to create lifetime income, as well as strategies that can help reduce the impacts of income taxes, taxes on social security, and estate taxes. He also incorporates estate planning to protect clients assets and by-pass probate by working closely with a network of CPA’s and Attorneys.
Rick has completed Advanced IRA Distribution Expert training and is recognized as an Ed Slott trained expert advisor. (Ed Slott is a nationally recognized IRA expert, and was listed in the Wall Street Journal as “The best source of IRA advice.”)
Join Us:Work with Advisors Who
Understand the Unique Challenges of IRMAA
GET EXPERT HELP TO PROTECT YOUR
RETIREMENT FROM IRMAA COSTS
IRMAA can be a costly surprise for many retirees. By working with our experienced advisors, you’ll gain access to specialized guidance and personalized strategies designed to help you manage Medicare surcharges and protect your retirement income.
WHAT YOU WILL RECEIVE
• Personalized Planning: Customized strategies that align with your financial goals and minimize your IRMAA exposure.
• Expert Tax & Income Guidance: Access tax-efficient income strategies that help reduce your taxable income and control IRMAA surcharges.
• Ongoing Support: Year-round monitoring and adjustments to stay ahead of IRMAA thresholds.
Contact Us: Get Expert Guidance
for Managing IRMAA
© Copyright 2017-24, Virtue Financial, Inc. Virtue Advisors is an insurance marketing organization based out of Nashville, Tennessee, USA and is the IMO/FMO and sister company of Virtue Capital Management, LLC , an SEC registered investment advisory firm—both entities form the parent company Virtue Financial.All photos, content and information on this site is protected by copyright and any duplication or use without consent is strictly prohibited.
NESTEGG WEALTH ADVISORS | 5706 ROWLETT RD #200 | ROWLETT, TEXAS 75089 | 972-412-6064
