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LEARN MORE ABOUT: 401k Plans
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Medicare Impact of 401k Distribution Retirement planning is crucial in today's time, and 401k has become an essential tool for retirement saving. Not only can 401k save you from a significant tax bill at retirement, but it is also advantageous to your healthcare expenses. This is because 401k distribution could impact your Medicare premiums, which are rising every year. As a retired person, you will be entitled to Medicare benefits that will cover your healthcare expenses. It is a federal health insurance program for all US citizens or permanent residents who are over the age of 65. Once you enroll in Medicare, you will pay the Part B premium, which is a monthly fee that covers medical services like doctors' visits, imaging, and
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)