Protecting Your Nest Egg: How IRMAA and Social Security Cuts Could Impact You

While the potential Social Security cuts and Medicare changes are already alarming, there’s another silent threat that could sneak up on you—IRMAA (Income-Related Monthly Adjustment Amount).

IRMAA is an additional premium that higher-income retirees must pay for Medicare Part B and Part D coverage. When combined with a potential Social Security income drop, this could significantly reduce your net retirement income.

?? Quick Check-In: Are you aware of how IRMAA might impact your retirement?

Reply with 'Y' or 'N' to let us know!

Is Your Financial Advisor Addressing These Risks?

A financial advisor's real test isn't just about growing your assets—it’s about preserving your retirement income, even when unexpected external forces threaten your safety net.

At JLB Financial, we go beyond traditional retirement planning by stress-testing our clients' plans against scenarios like these. We ensure our clients not only understand the risks but are also equipped with practical strategies to mitigate them.

Some of the ways we help safeguard your retirement include:

• IRMAA Planning: Strategies to reduce your taxable income and minimize potential Medicare premium surcharges.
• Social Security Analysis: Proactive planning to offset potential benefit reductions.
• Retirement Income Diversification: Building streams of income that are tax-efficient and less susceptible to government policy changes.

How Resilient Is Your Retirement Plan?

If your advisor hasn’t had a serious conversation with you about IRMAA or the looming risk of Social Security cuts, it might be time for a second opinion.

?? Complimentary Retirement Stress Test: We'll assess how well your retirement strategy can withstand these potential changes and provide actionable insights to strengthen your financial security.

?? Interested? Comment below or reach out to [email protected] or call 323-547-8990 to schedule your free consultation today!

The Bottom Line: Hope for the Best, Plan for the Worst

The future is uncertain, but your retirement security doesn’t have to be. By taking proactive steps now, you can build a retirement income strategy that stands strong—no matter what changes come down the road.

At JLB Financial, we’re here to guide you every step of the way. Let’s make sure your retirement is as secure as you’ve always imagined.