loader from loading.io

Episode 82: The IRMAA Impact, Stop Contributing to a 401(k) & Other Tips from Dan McGrath

The Her Retirement Podcast

Release Date: 01/06/2023

Episode 121: Unlocking Ethical Entrepreneurship with Sharon K. Gillenwater show art Episode 121: Unlocking Ethical Entrepreneurship with Sharon K. Gillenwater

The Her Retirement Podcast

Sharon K. Gillenwater is a dynamic tech startup founder, seasoned business executive, and inspirational speaker whose mission is to demystify entrepreneurship and make it more accessible for everyone. With a passion for fostering inclusive and ethical business practices, Sharon has made a significant impact on the entrepreneurial landscape. She is the author of the acclaimed book Scaling With Soul: How I Built & Sold a $25 Million Tech Company Without Being an A**hole. In this insightful work, she shares the compelling story of how she built, scaled, and successfully sold Boardroom...

info_outline
Episode 120: Your Best Financial Life with Anne Lester show art Episode 120: Your Best Financial Life with Anne Lester

The Her Retirement Podcast

Meet Anne Lester, a seasoned leader on a mission to empower rising professionals to save smart and retire happily, all on their own terms. With an impressive background, including 20 years as Head of Retirement Solutions at J.P. Morgan and co-founding The Aspen Leadership Forum on Retirement Savings with AARP, Anne brings unparalleled expertise to the table. Her exceptional contributions to Americans' economic security earned her the prestigious Ray Lillywhite Award in 2020. A dynamic speaker and emcee, Anne engages audiences of all ages and professional backgrounds, from under-45 crowds to...

info_outline
Episode 119: Camp Reinvention…Because Age is Just a Number show art Episode 119: Camp Reinvention…Because Age is Just a Number

The Her Retirement Podcast

In this enlightening podcast episode, Wendy Werneth and Dana Malstaff from Camp Reinvention, seasoned coaches and mentors, share invaluable wisdom and guidance for women navigating life transitions. Wendy, a seasoned life coach, and Dana, a successful entrepreneur, emphasize the transformative potential of their 12-week program, designed to help women rediscover their passions and chart a fulfilling path forward. They encourage listeners to take action and approach life with curiosity, highlighting the importance of embracing imperfection and challenging limiting beliefs. Wendy underscores the...

info_outline
Episode 118: Women and Retirement with David Blanchett show art Episode 118: Women and Retirement with David Blanchett

The Her Retirement Podcast

info_outline
Episode 117: Talking Retirement with Dr. Wade Pfau show art Episode 117: Talking Retirement with Dr. Wade Pfau

The Her Retirement Podcast

info_outline
Episode 116: Are Women Ready for Retirement? Survey Says… show art Episode 116: Are Women Ready for Retirement? Survey Says…

The Her Retirement Podcast

info_outline
Ep. 115: The Time Optimized Life with David Buck show art Ep. 115: The Time Optimized Life with David Buck

The Her Retirement Podcast

info_outline
Ep. 114 Talking Women, Work & Retirment with Kerry Hannon show art Ep. 114 Talking Women, Work & Retirment with Kerry Hannon

The Her Retirement Podcast

info_outline
Episode 113: Vision Boards & Reinventing Your Life with Debbi Sluys show art Episode 113: Vision Boards & Reinventing Your Life with Debbi Sluys

The Her Retirement Podcast

info_outline
Episode 112: Do This to Be HappiHer, HealthiHer & WealthiHer show art Episode 112: Do This to Be HappiHer, HealthiHer & WealthiHer

The Her Retirement Podcast

info_outline
 
More Episodes

I kick off 2023 with my first episode of the year talking with Medicare/IRMAA specialist Dan McGrath.  Dan is the co-founder of IRMAA Certified Planner, a technology and training company focused on helping financial professionals provide better Medicare advice and data to their clients.  In this eye-opening episode, Dan teaches us the basics of IRMAA… The Income-Related Monthly Adjustment Amount (IRMAA) is a surcharge or premium you may pay in addition to your Part B or Part D premium if your income is above a certain level. The Social Security Administration (SSA) sets four income brackets that determine your (or you and your spouse's) IRMAA. IRMAA costs can surprise many retirees, uninformed of its impact on a retirement budget. And because it’s based on retirement income, tax-deferred income sources can greatly (and unexpectedly) impact a retiree’s budget for healthcare costs.

Dan also shares his insights on why everyone should STOP contributing to tax-deferred accounts such as 401(k)s and opt for tax-free retirement income sources instead.  We talk annuities, life insurance, and reverse mortgage too. A lot of ground in just an hour or so episode. We close the episode with Dan telling us why he believes “the financial services industry hates women.” It’s an interesting case study he uses to illustrate his perspective. Grab a pen and paper, as you’ll want to take notes on this episode, or plan to listen to it multiple times. Controversial topics that definitely get you thinking (outside the box).  


https://www.irmaacertifiedplanner.com/the-instructor/