Never Keep More Than This in the Bank After 65 (Most Don't Know)

Seven bank balance limits let the government, a creditor, the state, or your own bank take money from seniors and retirees, and most cross one without knowing. This video covers each: the $2,000 SSI resource limit, Social Security taxation at $25,000/$32,000 (IRS combined income), bank right of setoff on loans, the Treasury two-month garnishment protection for direct-deposited Social Security and VA benefits, the Medicare IRMAA surcharge at $109,000/$218,000, dormant accounts and state unclaimed property, and FDIC insurance limits after a bank merger. Plus the exact amount to keep in checking. Essential fixed income help. 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 The line where they can take the rest 1:10 The $2,000 line 2:53 When Social Security gets taxed 5:11 When your own bank takes it 7:03 The two-month rule that lets them take the rest 11:45 The Medicare surcharge line 13:59 When the state takes a quiet account 15:37 The $250,000 merger clock 17:43 The exact amount to keep in checking 20:16 Your 7 action steps DISCLAIMER: This video is for general educational and informational purposes only and is not legal, tax, or financial advice. Benefit rules, tax thresholds, state laws, and bank agreements vary and change, and every situation depends on its own facts. Always confirm your situation with Social Security at 1-800-772-1213 or SSA.gov, the IRS, the FDIC at 1-877-275-3342, your bank, a local legal aid office, or a licensed professional before acting. #SeniorFinance #SocialSecurity #RetirementIncome