Right, I'm not near an IRMMA cliff but I'll bet no one is jumping up and giving "high fives" because they went over a cliff by a few bucks just because they were good savers. Is it a nuisance tax, yes. Is it a fair tax, I'm not sure. Why the cliff? Why punish good savers? Good savers in retirement = less retirees dependent on government. Imagine down the road they institute a tax on unrealized gains. Would they say we should be grateful because we "did well?"
I am a veteran and recently inquired USAA for quotes for my insurance policies. They were outrageously high. The catering to "veterans and veteran families" is just a marketing tool.
I think there is alot to like here. I would add that we need to eliminate public pensions to the mix. Everyone, public and private, on the same program.
Comments
Technically you're right, but it functions as a tax.
Post: Enough with IRMAA complaining
Link to comment from December 30, 2025
Right, I'm not near an IRMMA cliff but I'll bet no one is jumping up and giving "high fives" because they went over a cliff by a few bucks just because they were good savers. Is it a nuisance tax, yes. Is it a fair tax, I'm not sure. Why the cliff? Why punish good savers? Good savers in retirement = less retirees dependent on government. Imagine down the road they institute a tax on unrealized gains. Would they say we should be grateful because we "did well?"
Post: Enough with IRMAA complaining
Link to comment from December 30, 2025
I saw too many people tapping into their 401K balances during their working years.This slows growth drastically.
Post: The Benefits of 401(k)
Link to comment from December 20, 2025
I reached millionaire status because of the 401K.
Post: The Benefits of 401(k)
Link to comment from December 20, 2025
Many dealerships have a clause in the contact preventing this.
Post: The Monthly Payment Trap: How Car Dealerships Hide the Real Cost
Link to comment from December 15, 2025
I am a veteran and recently inquired USAA for quotes for my insurance policies. They were outrageously high. The catering to "veterans and veteran families" is just a marketing tool.
Post: Home, Auto & Umbrella Insurance—“Longevity Benefit”?
Link to comment from December 7, 2025
I think there is alot to like here. I would add that we need to eliminate public pensions to the mix. Everyone, public and private, on the same program.
Post: I CAN SOLVE THE SOCIAL SECURITY AND RETIREMENT CRISIS IN AMERICA
Link to comment from December 6, 2025
If you were able to retire at 53 with a pension, (even without a COLA) consider yourself very, very fortunate.
Post: Happy Hour, or The Panic Button? Why Early Retirement Anxiety Is Real.
Link to comment from November 30, 2025
The took away the "Stretch" IRAs for inherited beneficiaries, so I expect this to eventually happen for HSA holders.
Post: HSA Proposal
Link to comment from November 27, 2025
The Slate? Are you serious?
Post: Thanksgiving: The Keeping Story
Link to comment from November 27, 2025