If You're Over 65, STOP Doing These 7 Things With Your Money

If you're 65, 70 or 80, these 7 money habits quietly hand your savings to the IRS, scammers, lenders and nursing homes. Covered: the Social Security earnings test, beneficiary designations vs your will, mail theft and check washing, signing your house over to your kids (stepped-up basis and capital gains tax), co-signing loans, matured savings bonds and taxable interest, and the Medicaid 5-year look-back on gifts. Essential retirement planning for retirees and seniors on Social Security, Medicare, IRA and 401k owners, widows, and anyone on a fixed income protecting their home, inheritance and estate. Get The Senior EXEMPT Playbook (the guide from the QR code in this video): every bill you are legally allowed to stop paying after 65, in one guide: https://senior-exempt-playbook.netlify.app Chapters: 0:00 7 money mistakes after 65 1:47 Collecting Social Security while working 4:39 Your will vs your beneficiary forms 7:18 The check in your mailbox 9:32 Signing your house over to your kids 12:48 Co-signing for kids and grandkids 15:03 Savings bonds that stopped paying 17:21 The gift Medicaid punishes 20:17 What to do instead DISCLAIMER: This video is for general educational and informational purposes only and is not tax, legal, investment, or financial advice. Tax rules, Social Security limits, Medicaid rules, and state laws change, and every situation depends on its own facts. Always confirm your situation with the IRS, Social Security, your state Medicaid office, or a licensed attorney or tax professional before acting. #SeniorFinance #RetirementPlanning #SocialSecurity