What is Maggie or modified adjusted gross income? Stick around and find out in this the 27th episode of the retirement planning education podcast.

Welcome to the retirement planning education podcast where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare, portfolio withdrawal strategies,

annuities, estate planning, and much more. And now here's your host, Andy Panko.

Hey, everyone. Welcome back. Let's talk about Maggie today. Who is she? No, I'm not talking about

Maggie Simpson or Maggie Thatcher. I'm talking about the IRS term modified adjusted gross income, which goes by the acronym Maggie, M-A-G-I.

So you may have seen this term thrown around, may have heard it in podcasts, read it and blogs, etc.

You may know of one or a few different Maggie's, but as you'll

see today, there are multiple different definitions and calculations of Maggie throughout the

tax code. What I want to touch on today is just the, there's about a dozen Maggie's that I'm aware of. I'm sure there's

even more, especially in some of the deep down, more esoteric parts of the tax code. But the ones I'm

going to talk about today are the ones that you are most likely to come across in planning for

your retirement, whether you're already retired or nearing retirement, these are the ones that

I think you're likely to hit.

You won't hit all of them, but some of you, many of you listening will come across at least

some of these.

Now, this list isn't exhaustive.

As I said, there's other Maggie's here, specifically the other few coming to mind that I'm

not going to mention are relating to like education credits,

for example. There's some tax savings for higher education expenses and in student loan interest.

There are, there, there's Maggie specific to those, which I'm not going to touch on again,

because I'm trying to focus on the retiree retirement planning specific ones.

So I'll also start by saying i did do a

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