Reported about 17 hours ago
Withdrawing $60,000 from a retirement plan can lead to increased Medicare Part B and Part D premiums, but these increases are temporary. Premiums are recalculated annually and based on income from two years prior, meaning the impact of the withdrawal would appear in two years, lasting for one year. If the withdrawal is a one-off and income returns to normal, the premiums will decrease again after that period. Proper income management and planning can help mitigate these premium increases.
Source: YAHOO