His $50,000 Annuity Finally Paid Out $250,000. Medicare Counted $200,000 in One Year.
Quick Read - Taking a nonqualified annuity as a lump sum forces all gains into one tax year as ordinary income, not at the lower capital-gains rate. - A $200,000 gain can trigger Medicare IRMAA surcharges roughly two years later, costing a single filer around $6,355 more per...</