jmurphy-ectisp-n
Returning Member

AGI and its effect on social security and medicare

Why is it if I need to withdraw money from 401K for extraordinary expenses that pitiful social security benefit doesn't cover and it adds to me AGI is IRMAA assessed for the entire year and not just for the portion of the year that the windfall threw me into the higher tier?  Also why are casino winnings that are not taxable due to offsetting losses placed into AGI for Social Security and Medicare purposes?