Medicare and Retirement Withdrawals
Withdrawing from retirement accounts can increase people’s Modified Adjusted Gross Income (MAGI), which could lead to higher Medicare premiums due to the Income Related Monthly Adjustment Amount (IRMAA). IRMAA is a surcharge added to Medicare Parts B and D premiums if people’s income exceeds certain thresholds. This surcharge is based on MAGI from two years prior.
Withdrawals from retirement



