April 07, 2022
Is There a Way to Avoid Medicare Premium Increases When You Cash In Assets to Raise Your Modified Adjusted Gross Income Conversion?
Estate Attorney and Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their offices in Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi. In this week’s webinar, Attorney and Advisor Chris Berry of www.castlewealthlegal.com answers the below questions.
- 0:00 Introduction / Positive Focus
- 1:33 What is a Lady Bird Deed and do I need one?
- 6:40 With Social Security going up 5.9% as you said, does that mean increased inflation? If so, what things should we consider?
- 12:07 We want to get to a lower tax bracket in retirement, what tools are available? I’ve heard of this “bank on your self” strategy utilizing whole life insurances, is that the route that we should go?
- 17:39 I’m healthy, mid 70’s with a $1.5 million IRA. At what age will a Roth conversion or life insurance move benefit me more than the grantors?
- 23:26 Legacy Trust and IRA
- 25:46 Is there a way to avoid medicare premium increases when you cash in assets to raise your modified adjusted gross income conversion?
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About Castle Wealth Group
Contact Castle Wealth Group for all your estate planning needs. We build a perfect strategy for your retirement, including income planning, investment planning, tax planning, health care planning, and legacy planning. Visit our website or call us at 844.885.4200 or email us for your financial advice.
Join our Weekly Wisdom Webinars
Estate Attorney and Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200.