Levine, Jacobs & Company, LLC, Senior Member Offers Insight on Roth IRA Withdrawal and Medicare Premiums
Michael Karu, CPA/CFF quoted on news portal.
- Newark, NJ (1888PressRelease) May 28, 2022 - Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted on NJ.com where he provided answers regarding if Roth IRA Withdrawal increases Medicare premiums.
According to Karu, “Your adjusted gross income will not increase as a result of distributions from your Roth IRA.”
Karu continued, “Modified adjusted gross income includes certain non-taxable income, but does not include distributions from Roth IRAs. That being the case, your Medicare premiums should not increase because of a Roth IRA distribution.”
To read the article, please visit https://bit.ly/3Gtnurk
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614
About Michael H. Karu, CPA/CFF
Michael H. Karu, CPA/CFF, is a senior member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
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