@bgt6z666: Thinking of withdrawing from your 401k? 🤑 Be careful! It may impact your Medicare Part B costs based on tax brackets. Let's talk about how to avoid surprises in your health coverage! 💬 #Medicare #RetirementPlanning #401k #FinanceTips #TaxSeason #MoneyMatters #SaveMoney #foryou #fyp #tiktok
That is so unfair, I recently found out about IRMA, most young people who are paying into a 401K plan has no idea what awaits them. The system strips you of every dollar 💵 you worked for.
2026-07-08 00:33:30
2
patrickcharles831 :
What if you are 42 and not currently able to work
2026-07-08 09:49:14
0
user6060292071675 :
Even if you take it out at 59/half will they still taxe you!!
2026-07-08 00:42:00
0
mike3rd :
do a roth 401K
2026-07-08 05:11:29
1
Dazed887 :
IRMMA sucks and is not a fair tax.
2026-07-06 23:25:42
2
On Holiday :
Is that determined every year? Or a one time thing and locked in?
2026-07-06 17:39:45
2
plenty :
The government screws you one way to the next. All are lives we pay taxes and are taxed again on money you’ve been taxed on which drives up more taxes! BS
2026-07-07 06:02:31
1
Brian Marciochi :
This is exhausting
2026-07-07 17:47:45
3
sunshinedaisyjimmyya :
If we can't use the money we put aside, what's the point? We are going to be taxed regardless.
2026-07-06 22:19:43
3
Whitetail :
That’s only from 62 to 63 correct
2026-07-07 13:15:02
0
💞Westiegirl💞 :
if I take money out of my 401k they take an extra 20% out for taxes. isn't that done then? is it considered income and then you pay taxes again?
2026-07-07 05:05:51
0
Zorlo-59 :
and if your spouse is on Covered California then your covered California rates will go up the more money you pull out of retirement..... and it ain't cheap my spouse is over $750mo
2026-07-07 13:20:31
0
Tafoya ❌ :
I’m tired of being taxed to death
2026-07-06 22:05:12
5
Junito :
Yes, Medicare part B changes annually, based on your taxes. Initially, they look back two years. So if you are getting Medicare in 2026, they will look at your 2024 taxes. There's no beating the Feds, so you might as well take your money out and enjoy.
2026-07-06 19:00:24
1
londonBoy876 :
😁😁😁
2026-07-07 05:38:29
0
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