What is Modified Adjusted Gross Income? (MAGI) Explained

Language can be tricky, and financial terms are no different! In this episode, we dive into the world of Modified Adjusted Gross Income (MAGI) and explore its various calculations.

From Roth IRA contributions to Medicare surcharges and the Affordable Care Act premium tax credit, we'll help you understand how MAGI impacts various aspects of your finances.

For Reference: https://www.fidelity.com/retirement-ira/contribution-limits-deadlines

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.