SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hi all,
I know generally about IRMAA.
From googling, I read that the income brackets for IRMAA will be adjusted for inflation.
From googling, I see that the rates charged each year go up by some amount.
Although IRMAA starts to be a consideration around age 63, at the moment I'm just interested in trying to assess it's impact on my post-70.5 taxes.
I've already programmed in the current rates and brackets, and inflated the brackets by inflation.
What would you suggest as a rate by which the premiums themselves go up?
So for example, the 2018 standard premium was $134; in 2019 this number went to $135.50, an increase of $1.50. How much does that premium number go up on a long-term historical basis?
I know generally about IRMAA.
From googling, I read that the income brackets for IRMAA will be adjusted for inflation.
From googling, I see that the rates charged each year go up by some amount.
Although IRMAA starts to be a consideration around age 63, at the moment I'm just interested in trying to assess it's impact on my post-70.5 taxes.
I've already programmed in the current rates and brackets, and inflated the brackets by inflation.
What would you suggest as a rate by which the premiums themselves go up?
So for example, the 2018 standard premium was $134; in 2019 this number went to $135.50, an increase of $1.50. How much does that premium number go up on a long-term historical basis?