One Week to Retirement

[BigRedChief]

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.

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.