The Hidden Cost of Multiple Advisors: An $86,000 Mistake
About this episode
The Hidden Cost of Multiple Advisors: An $86,000 Mistake
Two advisors. One expensive collision. In this episode I unpack how $86,000 in realized capital gains from an uncoordinated brokerage account cascaded into surprise taxes, higher Medicare premiums through IRMAA, and a missed Roth conversion window. If you split assets across firms, this is your wake up call to coordinate or consolidate.
What you will learn
• Why multiple advisors often create tax and planning conflicts
• How IRMAA works and why income thresholds matter for two full years
• The hidden cost of realized gains inside taxable accounts
• When Roth conversions make sense and how they can be blocked by bracket creep
• A simple checklist to audit your advisor relationships and reduce surprises
Chapters
Hook and story set up
Why splitting advisors sounds smart
The $86,000 capital gains surprise
IRMAA and premium surcharges
The Roth conversion opportunity lost
The system problem and your role
What to do next and coordination checklist
Takeaways and next steps
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Disclosure
Educational content only. Not tax, legal, or investment advice. Tax laws can change. Consult your CPA or advisor about your specific situation.
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