Article Snip: "For many retirees, selling their home is one of the biggest financial windfalls they’ll see outside of work — especially if they’ve owned it for decades...IRMAA is calculated based on your household Modified Adjusted Gross Income (MAGI). It generally includes capital gains, meaning the net profit from the sale of a home can push your income over the threshold, according to the AARP. ...surcharge becomes a consideration if you sell your home at any point after turning 63."
Reference: www.aol.com
1 day ago