None
SO
The IRA Donation Trick That Lowers Your Tax Bill and Never Touches Your Medicare Premium
['Gerelyn Terzo', 'July', 'Min Read']
Yahoo Finance
Quick ReadA Qualified Charitable Distribution (QCD) from an IRA counts toward the RMD but is excluded from MAGI, keeping it invisible to Medicare's IRMAA surcharge calculation.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years.
A 73-year-old widow takes her Required Minimum Distribution (RMD) from a $600,000 traditional IRA.
Social Security, a small pension, and the RMD push her modified adjusted gross income (MAGI) to about $112,000.
The Charitable Trick That IRMAA Cannot SeeAn IRA owner age 70½ or older can send money directly from a traditional IRA to a qualified public charity as a Qualified Charitable Distribution.