ACap ReCap: Financial and Tax Tips
ACap Advisors & Accountants is a boutique fee-only Wealth Management and full-service Accounting firm based in Los Angeles. We handle everything from taxes to investments to risk management and estate planning, providing comprehensive, unbiased financial advice in one location. In our ACap ReCap episodes, we discuss the latest financial news, answer the frequently received financial questions, and share financial tips with you. If you have questions or suggestions email us hello@acapam.com Find more details at https://www.acapam.com/ #financialadvisor #fiduciaryfinancialadvisor #finance #financial #money #wealthmanagement #assetmanagement #investment #tax #taxplanning
ACap ReCap: Financial and Tax Tips
Medicare Surcharges Explained: How IRMAA Can Shrink Your Social Security in 2026
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Your Social Security check can drop by hundreds per month without warning. The reason is IRMAA, the Medicare surcharge that catches many retirees off guard.
In this episode, we break down exactly how IRMAA works in 2026, how the two year income look back rule impacts your Medicare premiums, and why higher Part B and Part D costs quietly reduce your monthly Social Security deposit.
You will learn:
• What IRMAA is and why it functions like a stealth tax
• How modified adjusted gross income determines your surcharge
• The 2026 IRMAA income brackets and premium jumps
• Why one high income year can follow you into retirement
• How IRMAA directly reduces your Social Security benefit
• When and how to appeal using Form SSA 44
• Smart planning strategies to avoid unnecessary Medicare premium increases
• How Roth conversions, capital gains, and RMDs can trigger higher premiums
If you are approaching Medicare, already collecting Social Security, or planning income in your early sixties, this episode is essential listening. The key is proactive income planning before Medicare begins, not reacting after your check gets smaller.
Understanding IRMAA is not optional if you want to protect your retirement income.
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