THE FEDERAL RESERVE JUST ISSUED A WARNING TO EVERY VETERAN — Here's What It Means for Your Money

Get The Veteran's Benefits Playbook: https://seniorfinance.gumroad.com/l/v... Fed Chair Kevin Warsh says inflation is too high and has been too high for too long. Richmond Fed President Tom Barkin says there will be a reckoning on more than $40 trillion in federal debt, and nobody can say when. Then the Fed raised rates for the first time in about three years. If you live on a VA check, savings in the bank or a paid-off house, here is what that means in plain dollars, and the three jobs your money needs to be doing right now. What's covered: What the Fed actually said, translated Why your VA check always trails prices (one raise a year, paid Dec 31) The paid-off house and the 0.01% savings account: $25,000 can lose about $750 a year Job 1: savings that are insured and earning (online banks, credit unions, CDs, Treasury bills) Job 2: plug the leaks - card interest, the Medicare Part B bite, keeping your VA deposit separate, "rebate" scam calls Job 3, saved for last: money already yours - disabled veteran property tax exemptions, a rating that fits your health, state tax on military retirement Chapters: 0:00 The Fed's warning 1:17 What it actually means 2:17 Your VA check runs behind 3:19 The paid-off house and the savings account 4:47 Your money's 3 jobs 5:46 Job 1 - safe and earning 6:45 Walt's $1,400 a year 7:40 Job 2 - plug the leaks 9:28 Job 3 - money already yours 10:32 Russ and the $3,800 property tax bill 12:17 Summary Sources referenced: Federal Reserve - Chair Warsh remarks and press releases; Richmond Fed President Barkin remarks on US debt; U.S. Treasury FiscalData - Debt to the Penny; Social Security Administration - COLA information; TreasuryDirect - Treasury bills; FDIC - deposit insurance; VA.gov - compensation rates and accredited representatives Interest rates change and state rules vary. This is general education, not financial advice. Accredited service officers at the DAV, VFW, American Legion and most county veterans offices help at no charge. #Veterans #FederalReserve #VADisability #Inflation #VeteransBenefits