Every Senior Must Do This In November Or Pay All Year

https://kevinexplains.shop Some of the money you have already paid this year is about to disappear. Not stolen. Reset. At midnight on December 31, your Medicare deductibles, your drug cost limits, your yearly gift allowance and more all start again from zero. This video shows what to use, what to schedule and what to do before November 30. What You’ll Learn: Which Medicare counters reset on January 1, and why the Advantage plan maximum matters How the drug cost cap and 90 day refills work near year end The yearly gift limit, tuition and medical payments, and college savings rules What Trump Accounts are and how families claim them The Medicaid five year look back, and why it never resets The new car loan interest deduction and the new charity deduction IRA withholding and required withdrawals before December 31 Scam season: voice cloning, fake charities and the gold bar courier scam Questions or business and collaboration: [email protected] CHAPTERS 0:00 Your counters reset at midnight 1:06 Why November 30 is the real deadline 2:24 Counter 1: Your Medicare health costs 4:12 The Medicare counter that ignores the calendar 5:32 Maude’s story: January or December? 6:23 How to read your own counters this week 7:38 Drug plan refills before the reset 9:05 Leaving for the winter? Read this first 10:04 Counter 2: The yearly gift limit 12:23 Trump Accounts for grandchildren 14:47 The counter that never resets: Medicaid look back 16:40 Josephine’s story: the gifts that cost her 18:13 What to do about the look back 19:18 Counter 3: The new car loan interest deduction 21:24 Counter 4: Charity and the new deduction 23:17 Counter 5: Tax withholding and IRA withdrawals 25:08 The counter that only goes up: Scams 28:12 The rule that matters more than a date 28:56 Your November calendar 31:00 Final thoughts I am not a lawyer or a financial advisor. This video is for general education only. Rules and amounts can change, so check your own situation with a qualified professional. Names and stories are composites used to illustrate real situations. Sources: IRS, CMS and Medicare.gov, KFF, AARP, FBI Internet Crime Complaint Center, U.S. Treasury, Thomson Reuters, Morgan Lewis, ElderLawAnswers, Yahoo Finance, 24/7 Wall St, Hawaii News Now. #Medicare #Seniors #Retirement #SeniorFinance #KevinExplains