Banks Can Now Freeze Your Money After 65 For Months (Most Don’t Know)
Kevin Explains
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Banks Can Now Freeze Your Money After 65 For Months (Most Don’t Know)
7 305 просмотров · 1 дн. назад
Kevin Explains
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7 305 просмотров · 1 дн. назад
https://kevinexplains.shop
After 65, a bank or brokerage can hold your own money without a judge, and this year the clock got much longer. Here is what changed, what a long hold can break, and how to get one lifted early.
What You'll Learn
How long banks and brokerages can now hold your money
Why money coming into your account is now watched too
The paperwork a bank can now refuse
The insurance a long freeze can cost you for good
Who the bank calls, and who it is allowed to skip
The questions that can end a hold early
Questions or business/collaboration: kevinexplainsofficial@gmail.com
CHAPTERS
0:00 Your Money, On Hold
2:42 Why 65 Is the Switch
3:39 The Hold Clock Got Longer
4:31 The 145 Day Proposal
5:46 Glenda's Story
7:19 Banks Now Watch Money Coming In
10:10 Moving Money Out of a Brokerage
10:49 What Banks Can Now Refuse
13:30 The Bills a Freeze Can Break
14:12 Medigap, Life and Long Term Care
15:51 The Two Pile Plan
16:39 Russell's Story
18:03 Who Gets the Phone Call
19:10 Choosing the Right Trusted Contact
21:14 The Fake Freeze Call
22:27 Questions That End a Hold Early
25:50 What Comes Next
26:57 The Order To Do It In
This video is for general education only and is not financial, legal or insurance advice. Hold rules vary by state. Names in stories are composites. Check your own situation with a qualified professional.
Sources: FINRA, SEC, Federal Register, North Carolina General Assembly, Georgia General Assembly, Nacha, Federal Reserve, Medicare.gov, FBI IC3, FinCEN, ICI
#BankFreeze #Seniors #Retirement