The Amount Seniors Should NEVER Leave in Checking | IRS Watching in 2026

🛡️ Protect your savings from the real threat (fraud, not the IRS) — The Senior Safe-Money Kit: theretirementwire.org/safe There's an amount of money sitting in your checking account that is costing you in two ways at once. One cost is loud: the rumor that the IRS is watching your bank account. The other is quiet, and it's the one actually taking money out of your pocket every month. In this video we separate what's true from what's pure myth, and give you the amount you should never leave sitting in checking. What we cover: • No, the IRS is not watching your checking balance • The $600 reporting rule you heard about never became law • The real $10,000 rule: cash transactions, Currency Transaction Reports and FinCEN • Structuring: why splitting a cash deposit to stay under $10,000 is a federal crime, even with honest money • What the IRS actually sees: the interest on your 1099-INT, and how it can touch Social Security taxes and IRMAA • The quiet cost: inflation eating money that sits in checking • How much to keep in checking: about one month of bills plus a cushion • Where the rest can go: high-yield savings, CDs, Treasuries, and the $250,000 FDIC limit • The real danger to your checking account: fraud and scammers This channel is for education, not personal financial or legal advice. We are not financial advisors. Confirm any move with a fee-only fiduciary and verify insurance yourself. Free resources: • Verify a bank is insured: FDIC BankFind • Treasuries and I bonds: TreasuryDirect • Find a fee-only fiduciary (no commissions): NAPFA If this helped, share it with someone who's been losing sleep over a rumor about the IRS watching their account. Subscribe for plain-English help protecting your money. #Retirement #IRS #CheckingAccount #SeniorFinance #FDIC #Savings