It’s not easy to determine exactly what you’ll need to live on in #retirement, that calculation is made even more difficult because there can be a few surprise expenses … and some penalties that can last a lifetime!
In this video, Peter with Richon Planning and Erin Kennedy are breaking down some of those hidden penalties, in order of severity, starting with:
- the IRMAA Penalty
- the #Medicare Part B & D Penalty (this penalty is for life!)
- Inflation
- Taxes
