{"id":16,"date":"2026-09-14T14:00:00","date_gmt":"2026-09-14T14:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/joeduerrinsuranceagent-com\/2026\/09\/14\/a-2-1m-portfolio-two-very-different-tax-bills\/"},"modified":"2026-09-14T14:00:00","modified_gmt":"2026-09-14T14:00:00","slug":"a-2-1m-portfolio-two-very-different-tax-bills","status":"publish","type":"post","link":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/2026\/09\/14\/a-2-1m-portfolio-two-very-different-tax-bills\/","title":{"rendered":"A $2.1M Portfolio, Two Very Different Tax Bills"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/joe-68\/million-portfolio-withdrawal-remotion-videos-1985\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>When two retirees each have a $2.1 million portfolio, it\u2019s easy to assume their tax situations would look similar. But, as I\u2019ve seen time and again, the choices you make early on\u2014like which accounts you tap first\u2014can shape your financial landscape in unexpected ways, especially when it comes to Required Minimum Distributions (RMDs) and Medicare surcharges down the road.<\/p>\n<p>A portfolio split between taxable savings and a traditional IRA can generate $117,400 a year, but the way those assets are positioned determines how efficiently your money works for you now, and how much tax pressure you\u2019ll face later. For joint filers in 2026, keeping your Modified Adjusted Gross Income (MAGI) at or below $218,000 means you\u2019ll pay standard Medicare premiums. Go just a dollar over, and your Part B premium could jump by nearly $284, plus extra surcharges for Part D.<\/p>\n<p>If you choose to drain taxable accounts first, your IRA may keep growing\u2014sometimes creating bigger RMDs and higher taxes later. On the other hand, planning IRA withdrawals or conversions before RMD age can help manage future obligations. That\u2019s why it\u2019s so important to model out different RMD paths before year\u2019s end, make sure any conversions don\u2019t push you over the next IRMAA threshold, and review what\u2019s in your IRA for things like floating-rate investments or concentrated positions.<\/p>\n<p>My approach is all about helping you make informed decisions so you feel truly protected\u2014today and as your needs evolve.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When two retirees each have a $2.1 million portfolio, it\u2019s easy to assume their tax situations would look similar. But, as I\u2019ve seen time and again, the choices you make early on\u2014like which accounts you tap first\u2014can shape your financial landscape in unexpected ways, especially when it comes to Required Minimum Distributions (RMDs) and Medicare [&hellip;]<\/p>\n","protected":false},"author":190,"featured_media":42,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/users\/190"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":0,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/media\/42"}],"wp:attachment":[{"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joeduerrinsuranceagent.com\/blog\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}