Your Money Is Losing Value: 6 Spots You Must Avoid Right Now

🔗 Get The Senior Money Guide: https://richardretires.shop/ Your money is sitting somewhere right now, and it never asked your permission to pay you almost nothing — and it won't ask before it pays you even less. This video counts down six places retirees are actually keeping their cash today, worst to best, and what quietly happens to each one if you don't act before two key dates this fall: October 27–28, when the Federal Reserve meets, and November 1, when the government resets the rate on inflation-linked savings bonds. We cover why money held in a non-bank fintech app carries a hidden insurance gap, why cash kept at home isn't covered by most homeowner's policies, why adding an adult child's name to your bank account can accidentally rewrite your estate plan, how state dormancy laws can quietly hand your forgotten accounts to unclaimed property, how CDs auto-renew at far lower rates if you miss a short grace window, why big-bank savings accounts and brokerage cash sweeps are paying a fraction of what's actually available, and where your money should be instead — including Treasury bills, I bonds, and the real tax traps around IRMAA and Social Security thresholds. If you have savings sitting anywhere on this list, this is the video that shows you exactly what to check before the rates move again. ⏱️ Timestamps below | 📌 Educational only — not financial advice. Confirm details with your own bank or advisor. #RetirementSavings #InterestRates #SocialSecurity #SeniorFinance #CDRates Chapters 00:00 – The Rule Nobody Tells You About Your Own Money 01:30 – Richard's Intro & What This Channel Covers 02:00 – #6: Money in a Non-Bank Fintech App (Walter's Story) 05:00 – #5: Cash Kept in the House 07:30 – #4: Adding an Adult Child's Name to Your Account 10:30 – CTA: The Senior Money Guide 11:00 – #3: The Account You Never Touch (Dormancy & CD Auto-Renewal — Irene's Story) 15:00 – #2: Big Bank Savings & Brokerage Cash Sweeps 17:30 – #1: Where the Money Should Actually Be (Fed Meeting & Nov 1 I Bond Reset) 21:30 – The Interest Income Tax Trap (IRMAA & Social Security) 22:00 – Your 6-Step Checklist 23:00 – Two Dates, Eleven Days Apart — Closing