7 Things IRS Can’t Take From You — Most Retirees Only Know 1

🔗 Understand What You Already Qualify For — every exemption, discount, and refund covered, state by state: https://lanamaynes.com/ 7 Things They Can't Take From You After 65 — Not Even the IRS Social Security is protected from private creditors under federal law, though the IRS can take up to 15 percent for back taxes and certain federal debts can still reach it, so the protection is real but not absolute. When a garnishment order hits a bank account, federal regulation requires the bank to automatically set aside the last two months of direct-deposited federal benefits — no form required — but that shield only applies to direct deposit, not paper checks. The video also walks through how Medicaid treats a home as an exempt asset while the owner is alive, how a surviving spouse keeps full protection with no dollar cap, and why transferring a home inside the five-year look-back window can trigger a penalty rather than prevent one. CHAPTERS: 00:00 The 7 Things Creditors Cannot Legally Take After 65 00:34 Protection #1: Social Security — What Creditors Can and Cannot Touch 03:44 Protection #2: The Automatic Bank Shield on Direct-Deposited Benefits 05:25 Protection #3: Retirement Savings — 401(k)s, IRAs, and the Critical Difference 08:29 Protection #4: Veterans' Benefits and How the Protections Stack 09:48 Protection #5: Life Insurance Payouts and Cash Value Exemptions 12:29 Protection #6: The Legal Floor on Household Property and Vehicles 16:28 Protection #7: Your Home, Medicaid Rules, and the Dangerous Myth 23:14 Action Checklist: Exactly What to Do This Week This video is for educational purposes only and does not constitute legal or financial advice. Consult a qualified tax attorney or CPA for your specific situation. #MedicaidRules #SeniorFinance #VeteransBenefits #RetirementSavings #seniors