You are correct. You can make equal quarterly payments, or you can make payments in each quarter based on how much income you received in that quarter. So, I'm sorry to have to say, the article is wrong. Many people don't read the full IRS publication that applies to what they're doing. Hidden down at the bottom of the instructions for Form 2210 is how to fill schedule AI, showing how much income you had in each quarter. After you have done your AI, you copy the results onto Line 10 of Part III of your 2210.
Yes, there is a huge IRMAA bracket for singles between $200K and $500K, and for couples between $400K and $750K. Once you are well in it, you can push to increase your income.
I am just the opposite - I am retired, and I pay a lot of income tax, I pay IRMAA, I pay NII.
Which of us has the better approach? There's a lot to be said for both ways.
The real question is overall spending relative to income. If you are retired, and you buy whatever you need, and you're still not spending all your income, then you're doing good. Money will continue to build up in your accounts, and you won't have to worry.
At my condo, we are paying $263,000 for 26 cuts on 200 acres. Our contractor uses about 10 guys full time for 26 weeks, plus the cost of trucks, mowers, and gas. The price includes weed-whacking and sweep up.
Your net worth is not that high if it's tied up in your house. I know real estate in Australia is expensive, but if you are wealthy your financial assets should be at least five or six times the value of your primary residence.
Comments
The US is very tricky because of state and local taxes. Sales tax, property tax, state income tax - they all add up.
Post: A taxing situation, but is it reality?
Link to comment from July 11, 2026
You are correct. You can make equal quarterly payments, or you can make payments in each quarter based on how much income you received in that quarter. So, I'm sorry to have to say, the article is wrong. Many people don't read the full IRS publication that applies to what they're doing. Hidden down at the bottom of the instructions for Form 2210 is how to fill schedule AI, showing how much income you had in each quarter. After you have done your AI, you copy the results onto Line 10 of Part III of your 2210.
Post: Don’t Let a Roth Conversion Trigger a Penalty
Link to comment from July 11, 2026
Yes, there is a huge IRMAA bracket for singles between $200K and $500K, and for couples between $400K and $750K. Once you are well in it, you can push to increase your income.
Post: A $30,000 Mistake
Link to comment from July 8, 2026
I am just the opposite - I am retired, and I pay a lot of income tax, I pay IRMAA, I pay NII. Which of us has the better approach? There's a lot to be said for both ways.
Post: A $30,000 Mistake
Link to comment from July 8, 2026
We have 929 units.
Post: Thinking about downsizing? Think seriously
Link to comment from July 1, 2026
The real question is overall spending relative to income. If you are retired, and you buy whatever you need, and you're still not spending all your income, then you're doing good. Money will continue to build up in your accounts, and you won't have to worry.
Post: Exercising true frugality
Link to comment from July 1, 2026
At my condo, we are paying $263,000 for 26 cuts on 200 acres. Our contractor uses about 10 guys full time for 26 weeks, plus the cost of trucks, mowers, and gas. The price includes weed-whacking and sweep up.
Post: Thinking about downsizing? Think seriously
Link to comment from June 23, 2026
I actually upsized when I retired. I went from 440 square feet to 1500 square feet. Yes, everyone's situation is different.
Post: Thinking about downsizing? Think seriously
Link to comment from June 21, 2026
I have sufficient income in retirement to pay, so self-funding is a no-brainer for me.
Post: How do you prepare for the long term care cost as retiree?
Link to comment from June 21, 2026
Your net worth is not that high if it's tied up in your house. I know real estate in Australia is expensive, but if you are wealthy your financial assets should be at least five or six times the value of your primary residence.
Post: What’s in your portfolio ?
Link to comment from June 16, 2026