Short YouTube clip (Craig Wear, CFP®) warning that rising Medicare premiums and the cumulative effect of required minimum distributions (RMDs) will increase retirees' taxable income, potentially causing larger portions of Social Security benefits to become taxable; notes uncertainty about how the next administration will respond.
It's sort of like the notion of ripping off the band aid when it comes to the Medicare premium so that you get back to more realistic base premium amount. But I think we're going to see those are going to go up quite a bit. And for some people, that taxable income from the RMDs causes their Social Security to be taxed at a much higher rate. So we'll see what happens, how that plays out with the next administration. But the real problem is that cumulative amount of requirement and distributions, it's just going to flood your future. And it's not really more complicated than that.
