Tag: exit strategy

What is IRMAA? How to Avoid Medicare Premium Surcharges in 2025

Written by Zachary Morris, CFP® on November 18, 2024.

In this video, I’ll explain everything you need to know about IRMAA (Income-Related Monthly Adjustment Amount), including how it affects your Medicare Part B and Medicare Part D premiums. IRMAA is a surcharge added to your Medicare premiums based on your Modified Adjusted Gross Income (MAGI), typically from two years prior. It’s important to understand how IRMAA is calculated because it can lead to higher Medicare premiums if your income exceeds certain thresholds.

Crafting a Retirement Exit Strategy: A Roadmap for Entrepreneurs

Written by Zachary Morris, CFP® on August 19, 2024.

Discover steps in retirement planning for entrepreneurs to help transition smoothly from business ownership to retirement.

Retirement is often viewed as the final chapter in one’s career, but for entrepreneurs, it signifies much more than just an end to work. It’s a major transition from the hustle and bustle of business ownership to a phase where you can really enjoy the fruits of your labor. Crafting a well-thought-out retirement exit strategy can help immensely with making this transition one that’s smooth and fulfilling. Whether you plan to sell your business, pass it on to a family member, or simply wind it down, the journey requires meticulous planning and foresight. Let’s explore some key steps to retirement planning for entrepreneurs that may help you on your journey.