Do Required Minimum Distributions (RMDs) increase Medicare premiums?
Yes, Required Minimum Distributions can increase your Medicare premiums. When you withdraw money from traditional IRAs and other retirement accounts, these RMDs count as taxable income. Higher income can trigger Income-Related Monthly Adjustment Amounts, known as IRMAA, which add surcharges to your Medicare Part B and Part D premiums. Medicare uses a two-year lookback period […]