SecondCor521
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Hi all.
I've been working on my RMD projection spreadsheet.
One thing I attempt to do is project and include my IRMAA in my analysis.
I'm seeing some wonky results: my IRMAA surcharges exceed my federal income taxes in my early 80s. I've traced this back to my decision to use 7.7% as my annual inflation increase for IRMAA premium pricing. (I generally use CPI for everything else.)
Generally I use the following criteria for my inflation factors and other similar adjustments:
1. Data based.
2. From an authoritative or reliable source.
3. Based on a long history.
4. The average, midpoint, or most likely estimate.
Is 7.7% reasonable? What do you use?
(I did not document where I obtained the 7.7% figure, and I can't find a good source now.)
I've been working on my RMD projection spreadsheet.
One thing I attempt to do is project and include my IRMAA in my analysis.
I'm seeing some wonky results: my IRMAA surcharges exceed my federal income taxes in my early 80s. I've traced this back to my decision to use 7.7% as my annual inflation increase for IRMAA premium pricing. (I generally use CPI for everything else.)
Generally I use the following criteria for my inflation factors and other similar adjustments:
1. Data based.
2. From an authoritative or reliable source.
3. Based on a long history.
4. The average, midpoint, or most likely estimate.
Is 7.7% reasonable? What do you use?
(I did not document where I obtained the 7.7% figure, and I can't find a good source now.)
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