Medicare Takes Your COLA. Medicaid Liens Your Paid-Off House.
From Epic Real Estate Investing · 29:32
Show by Matt Theriault
Social Security locked in a 3.6% cost-of-living raise for January, but Matt shows why the year you were born decides whether that raise ever reaches your check — and why Medicare Part B takes its cut before the money hits your account. He walks through the three birth-year groups (1961 and earlier, 1962 through 1964, and 1965 or 1966), the new earnings limits and wage cap from the October 14 announcement, and five bills at the house that rose faster than the raise: power, water and sewer, homeowners insurance, autopilot subscriptions, and property tax. Then he turns to a Medicaid warning aimed at every homeowner with a paid-off house. A co-worker's mom leaves a modest $190,000 place after 30 years of factory work; weeks later the state's Medicaid office puts a lien on it. Matt explains how long-term care works a lot like a reverse mortgage you never signed for, why a regular living trust often fails to protect the house, and what actually keeps it in the family — an irrevocable trust set up more than five years out, caregiver-child exceptions, partnership long-term care insurance, and Ladybird deeds in states like Florida, Texas, and Michigan. The real move is talking to an elder law attorney while you're still healthy; for a starting point Matt uses with homeowners who want that kind of help, he points people to ProtectMyHome.inc. Links Matt mentions in the episode: CrushMyPremium.com -> https://CrushMyPremium.com Monarch (sponsor) -> https://www.monarch.com/ere FightMyAssessment.com -> https://FightMyAssessment.com ProtectMyHome.inc -> https://ProtectMyHome.inc
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