top of page
.png){kind=small}
SENTINEL TAX PROS
What Is IRMAA and How Can It Affect Your Retirement?
Retirement planning often focuses on how much you've saved, when you'll retire, and when you'll begin taking Social Security. But there's another expense that can catch some retirees by surprise: higher Medicare premiums based on income. That's where IRMAA, or the Income-Related Monthly Adjustment Amount, comes in. Understanding how IRMAA works can be an important part of tax and retirement planning, particularly because financial decisions you make today may affect your Me
Aug 252 min read
When Is the Best Time to Start Tax Planning?
If you think tax planning starts when you gather your documents to file your return, you're not alone. Many people wait until tax season to think about their taxes, only to find out they've missed opportunities that could have reduced what they owe. The truth is that the best time to start tax planning is long before tax season arrives. In fact, effective tax planning happens throughout the year, not just when it's time to file your return. Why Timing Matters Your tax return
Aug 63 min read
bottom of page