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central scrutinizer

(12,441 posts)

13. I took a distribution from my traditional IRA

Reply to Paper Roses (Original post)

Mon Dec 14, 2020, 02:34 PM

Dec 2020

To help my daughter buy a house. That counted as income and my required Medicare Part B contribution went from $144 to $376. It’s called Income Related Monthly Adjustment Amount. (IRMAA). And it made more of my Social Security taxable. Double whammy.

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Have you received your annual Social Security notice? I had to laugh! [View all] Paper Roses Dec 2020 OP

I know. Considering that we all paid for these benefits too, and they (the republicans) are always SWBTATTReg Dec 2020 #1

i cant even imagine living on my Soc Sec as my only income samnsara Dec 2020 #2

I am doing just that... 2naSalit Dec 2020 #5

I'm doing it, too. procon Dec 2020 #9

It is... 2naSalit Dec 2020 #19

That's what I got... 2naSalit Dec 2020 #3

Did Trump sign it? Marcuse Dec 2020 #4

He only signs "bigly" checks... orwell Dec 2020 #7

Don't forget that they get inside information to improve their stock portfolio Sanity Claws Dec 2020 #6

SS was never designed to be a sole source of income Skittles Dec 2020 #8

When it takes every penny that two workers with children, can make Chainfire Dec 2020 #11

and things have become ridiculously expensive Skittles Dec 2020 #15

The GOP power elite and 1% think those that believe this have plenty of hubris Backseat Driver Dec 2020 #20

My wife and I live on SS, we both draw Chainfire Dec 2020 #10

Wonderful, but utility costs have gone up. pandr32 Dec 2020 #12

I took a distribution from my traditional IRA central scrutinizer Dec 2020 #13

Yep, got a whopping $11. madamesilverspurs Dec 2020 #14

I got a $5 net gain, LOL! Backseat Driver Dec 2020 #16

Yupper,whole 23 dollars. Wellstone ruled Dec 2020 #17

Yes, a $37 increase over 2020. sinkingfeeling Dec 2020 #18

Social Security givveth; Medicare taketh away. trof Dec 2020 #21