It's possible to build a £1.27 million ($1.6 million) taxable portfolio that can generate £7,150 ($9,000) monthly income while keeping a 64-year-old couple's modified adjusted gross income below the IRMAA tier 1 threshold.
This strategy uses a four-sleeve investment mix, according to Drew Wood, a personal finance analyst. If done right, the strategy yields £85,800 ($108,000) annual income without triggering Medicare's surcharge adjustments, he said.
