In the Weekend Investor section of the October 30, 2010 Wall Street Journal, Ellen Schultz wrote an article outlining often overlooked considerations that can cause personal Medicare costs to rise and more of Social Security benefits to be taxed.
In particular, for Medicare Part B participants and Social Security recipients, seemingly wise financial planning strategies — such as Roth IRA conversions, distributions from IRAs or realizing capital gains — can lead to unexpected costs that may outweigh the benefits.
Read the article here and talk to your advisor about how to these options may impact you: http://online.wsj.com/article/SB10001424052702303443904575578662255760970.html#printMode
~ Brooks, Hughes & Jones, Partners in Wealth Management — Gary Brooks, CFP®, Allyn Hughes, CFP®, CLU, ChFC, Nancy Jones, CFP® — Tacoma, WA
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