Yes, the amount converted from a traditional IRA to a Roth IRA is included in your taxable income for that year. This increase in MAGI can potentially push you into a higher IRMAA bracket and increase your Medicare premiums two years later.
Yes, the amount converted from a traditional IRA to a Roth IRA is included in your taxable income for that year. This increase in MAGI can potentially push you into a higher IRMAA bracket and increase your Medicare premiums two years later.