Josh Scandlen
Destroying the doom and gloom when it comes to retirement planning and lots of other stuff too.
Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
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Joshscandlen@Joshscandlen
May 20, 2023
Inheritance and IRMAA
A guy asked me if his interetance will affect the premiums he pays for Medicare via IRMAA. Remember folks, you pay NO Federal Tax on money you inherit. A couple states do have an inheritance tax, PA, MD, NJ and Nebraska, if memory serves. Check my work if you want.
From the Feds though there is no inheritance tax. Now you'll pay tax on the INCOME your inheritance produces just not on the asset you inherit by itself.
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Ed McQuarrie talks the REAL History of Stocks and Bond performance.
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