Not sure where to post this. My wife and I retired 5+ yrs ago and we're financially comfortable, receiving 2 pensions and SS. We both have 457's and I recently realized we have RMD's on the horizon that will significantly increase our annual income. My concern is healthcare cost, not the taxes. The Medicare monthly penalties can be significant once you exceed the annual cap of 188k (+/-). Is there a way to transfer the RMD's, once they start, or before they start, to a fund/account that will not be considered income? The taxes are expected and anticipated, it's the extra income classification I'm worried about. What's a good strategy? Thank you!
Statistics: Posted by groho — Thu Aug 08, 2024 3:05 pm — Replies 0 — Views 19