⚠️The FED Just Issued a WARNING to Every Senior With a Savings Account (Most Never Hear)

Nine days ago the Federal Reserve raised interest rates for the first time in three years. Your bank has known for nine days. Go and look at what it is paying you on the money sitting in your savings account, then think back to what it was paying you a fortnight ago. It is the same number. In this video, why the rate that moved is the rate they charge you and not the rate they pay you, what actually gets announced on the fourteenth of October and why people have already spent it, what Medicare takes back in November in a separate notice four weeks later, the law called hold harmless and the three groups it leaves outside it, and the threshold written in nineteen eighty three that has never been adjusted once in more than forty years. This is education, not financial, tax, or legal advice. In this video: 00:00 Your bank has known for nine days 00:40 #1 The rate that moved is the one they charge you 02:16 #2 The fourteenth of October, and the money already spent 03:22 #3 What they announce in November 04:39 #4 Hold harmless, and the three groups left outside it 06:24 #5 The number from 1983 that never moved 08:19 The line that runs through all five 08:48 One correction, because the internet is loud this month 09:25 The five, and who each one is arranged for THINGS TO ASK ABOUT / OFFICIAL LINKS: • How Social Security benefits are taxed, and the combined-income thresholds (SSA) — https://www.ssa.gov/benefits/retirement/planner/taxes.html • Research: Income Taxes on Social Security Benefits (SSA) — https://www.ssa.gov/policy/docs/issuepapers/ip2015-02.html • Social Security: Taxation of Benefits (Congressional Research Service) — https://www.congress.gov/crs-product/RL32552 • Medicare Part B premiums and the hold harmless provision (Medicare.gov) — https://www.medicare.gov/basics/costs/medicare-costs • Cost-of-living adjustment information (SSA) — https://www.ssa.gov/cola/ • Is my money insured at the bank? (FDIC) — https://www.fdic.gov/resources/deposit-insurance/ If there is somebody in your family living on a fixed amount, they do not need the Federal Reserve explained to them. They need one question asked out loud before January. Is your Medicare premium coming out of your check, or are you paying it another way. #SeniorFinance #SocialSecurity #Medicare #Retirement #COLA2027