00:00people spend decades building a nest egg only to find out that uncle sam and government agencies
00:09have to grab their share according to money talks news if you have enough retirement income up to
00:1685 percent of your social security can be taxed higher income beneficiaries pay medicare premiums
00:22based on their modified adjusted gross income retirees premiums can skyrocket if they bring
00:29in too much money this isn't just reserved for the rich your income could climb to a point where
00:35you'll see higher premiums if you take required minimum distributions from a traditional ira or 401k
00:42many people don't realize that the longer you live the more burdensome these required withdrawals
00:48become according to the balance distribution periods decrease with age which makes required
00:55minimum distributions increase with age when coupled with high account balances
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