Will Medicare Stealth Tax Impact Your Retirement Savings?

Retire Ready

 

SPONSORED BY REAP FINANCIAL

When turning 65 most Americans will begin accessing Medicare as their main source of health insurance.  This is where things can get complicated for those of you that have done a good job saving for retirement. 

Medicare premiums are need-based – so you may end up paying significantly more for the exact coverage of your next-door-neighbor.  In one example, a successful retired couple was paying over $565 per person per month for standard Medicare coverage.  This increased cost was due to “Medicare Premium surcharges” imposed on high-earning individuals.  Example: a 50 year old with a million dollars in a 401K account is projected to pay $343,000 in increased Medicare surcharges during retirement.

Chris Heerlein of REAP Financial breaks down some of the details in this video.  Inform yourself by getting your free copy of “The New American Stealth Tax” report.

To claim your copy, email us at Retire@REAPFinancial.com.  We’ll mail it out to you!

Or set up an appointment to meet with REAP Financial in person by clicking the following link: https://austinfinancialplanner.com

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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