You may have an Aunt Erma, but did you know you also have an Aunt IRMAA? As Joe explains in this episode of Joe Knows Retirement, IRMAA (or Income-Related Monthly Adjustment Amount) determines how much you will pay in Medicare premiums in retirement. This combined with taxes (i.e., Uncle Sam) can complicate your retirement plan, so Joe shares information you should be aware of and a strategy you can use to lower the amount you pay in Medicare premiums and taxes.

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