I retired in August 2026 and want to take a large retirement-account withdrawal this year, which would push my 2026 MAGI above the IRMAA threshold. Since my income will be lower in 2027 due to retirement, could I use the work-stoppage life-changing event to have my 2028 IRMAA based on my lower 2027 income instead?
Answered by 4 licensed agents
Keep in mind, Medicare utilizes a 2 year you look back rule. Therefore, your 2028 IRMAA is calculated off of your 2026 income.
If you are planning to retire in the next 1-2 years, it's best to consult an advisor and agent that can assist you with properly preparing for retirement. There are a lot rules that needs to be considered to minimize your taxes, impact on IRMAA, how to maximize your assets, and when to start drawing from your accounts (Social Security, 401K, IRA, etc..) and stop funding HSA accounts, and how to AVOID PENALTIES.
Answered by Steven Litzsinger on August 26, 2026
Broker Licensed in MO, AL, FL & 8 other states
Answered by Heather Majka on August 25, 2026
Broker Licensed in TN, AL, AR & 20 other states
Answered by Mark Bilgere on August 26, 2026
Broker Licensed in TX, AR, IN & LA, MN, NE & OK
Answered by Voss Speros on August 24, 2026
Broker Licensed in AZ, CA, CO & 20 other states
Tags: Advice for Seniors Coverage The Medicare System
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