Episode 13

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Published on:

7th Aug 2020

TAX SMART TAX ZERO - EP 13 - THE MATHEMATICS OF CAPITAL GAINS & MEDICARE IRMAA

Medicare IRMAA is a surcharge paid when MAGI is beyond the "normal" level of acceptable retirement income. Just $1 additional dollar can send you off the cliff into a different bracket for premiums on Parts B and Part D.

Learning how to restructure wealth and produce tax free income could save thousands of dollars in unnecessary Medicare premiums.

Between choosing the wrong plan, a late enrollment and having too much MAGI, it can be a very costly experience.

We cordially invite you to start your journey to tax-free wealth.

Karen Scott Mims, ESQ.

JOIN THE MAILING LIST: https://www.signup.taxsmarttaxzero.com

VISIT OUR WEBSITE: https://www.KARENSCOTTMIMS.com

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At what age is social security not taxable? (

At what age do you stop paying taxes on social security?

What is Medicare IRMAA 2020? 

How to avoid IRMAA

What is Modified Adjusted Gross Income

HSA vs. Medicare

Medicare premiums based on income

Medicare Part B coverage 

Capital gains tax bracket 

Capital gains tax rate 2020

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About the Podcast

Tax Smart Tax Zero
The Path to the 0% Tax Bracket with Karen Scott Mims, ESQ.
Most people simply ignore taxation through the 4 phases of wealth.
Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket.

How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do?

Easy.

Welcome to the Tax-Smart Tax Zero podcast.

This is a show all about TAX-FREE wealth.

Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on April 15th.

But the real goal is to implement STRATEGIC tax planning!

We invite you to take the journey and explore the Path To the 0% Tax Bracket.
It's time to Divorce Uncle Sam From Your Wealth!

Welcome to the world of your host, noted Tax Attorney and Private Wealth Strategist,

Karen Scott Mims, Esquire.