Quote:
Originally Posted by Rain Man
I just learned that the lookback period for Medicare income-based surcharges goes back two years, so you should start planning two years ahead of time. I had no idea of that.
I did a notable Roth conversion this year, and it's going to end up costing me a Medicare surcharge, which really stinks. I ran the numbers and I'm still ahead of the game to do the conversion, but the surcharge bites into my advantage.
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I wasn’t thinking of getting Medicare any time soon. So no planning. Now, I guess they are going to whack me for two years.
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Fear leads to anger, anger leads to hate, hate leads to suffering.
-YODA
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