As you approach retirement, it’s important to be aware of potential health care taxes that could affect your healthcare costs, particularly if your income exceeds certain thresholds. Under The Affordable Care Act, individuals with higher income levels are subject to an additional 3.8% Medicare surtax on investment income, including taxable interest, dividends, capital gains, and rental property income. For those still working or earning self-employment income, there could also be an additional Medicare tax to consider.
Free Guide-Health Care Taxes
Understanding how these healthcare taxes apply to you is crucial to effective tax planning in retirement. To help clarify the rules and determine whether you’ll be impacted, download “Navigating the Health Care Taxes” for detailed insight.
Financial Success Doesn’t Happen by Chance
Contact lead advisor Chris Robinson, ChFC, at our office, 940-464-4104, to schedule a time to discuss your current questions.
RFG Wealth Advisory in Argyle, Texas, is an independent, fee-only Registered Investment Advisor firm that always puts our client’s interests first. We have a transparent, simple fee structure that’s easy to understand. Call us today!
Investment advice is offered through RFG Wealth Advisory, a Registered Investment Advisor.
Navigating Health Care Taxes
Disclaimer
Financial Success Doesn’t Happen by Chance.
Contact lead advisor Chris Robinson with RFG Wealth Advisory in Argyle, Texas to discuss your questions.
RFG Wealth Advisory is an independent, fee-only Registered Investment Advisor firm in Argyle, Texas. At RFG Wealth, our fiduciary duty ensures your interests always come first, and we maintain a transparent fee structure for your peace of mind. Contact us today!
Investment advice is offered through RFG Wealth Advisory, a Registered Investment Advisor.
Schedule a Virtual Consultation
Chris Robinson is the president of RFG Wealth Advisory, which he founded in 1995. He is a current resident of Argyle and native of Denton, Texas.
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