Tag Archives: IRA

Supreme Court Rules Inherited IRA’s not Bankruptcy-Protected

In a sweeping decision in Clark v. Rameker, the U.S. Supreme Court held that funds in an inherited IRA are not protected in bankruptcy.  The Court’s analysis focused on key legal distinctions between the type of IRA you set up … Continue reading

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Introducing the IRA Inheritance Trust! (Part 2)

In my last blog, I discussed the beneficial use of an IRA Inheritance Trust to ensure your beneficiaries maximize the power of inherited retirement accounts through compounded tax-free growth and less income taxes being due each year distributions are taken … Continue reading

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Introducing the IRA Inheritance Trust! (Part 1)

You may know the difference between a Last Will & Testament and a Revocable Living Trust, but did you know there is a special trust specifically for retirement accounts? Don’t make the faulty assumption that your Revocable Living Trust will … Continue reading

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‘Fiscal Cliff’ Deal Brings Changes to Estate Taxes and IRAs

Congress finally came to an agreement to avoid the “fiscal cliff,” and the agreement includes some changes to federal estate taxes and Individual Retirement Accounts (IRAs). The American Taxpayer Relief Act sets a permanent estate tax rate and provides a … Continue reading

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New Retirees May be Better off Financially than Prior Generations

Based upon a study by the Investment Company Institute, “on average, more-recent generations of households have higher levels of resources to draw on in retirement than previous generations.” The shift to defined contribution plans like 401(k)s, from the defined benefits … Continue reading

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Is your Retirement Protected from the “Fiscal Cliff”?

Okay, it may not be possible to entirely safeguard your retirement from the “fiscal cliff” talked about so readily in the news these days, but it is possible to make wise decisions with regard to your investments during retirement.  Also, … Continue reading

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Sharing Inheritance Plans with your Children

Most clients who come through my doors interested in estate planning want to maintain control of their assets as long as possible. As an extension of that control, most clients keep their children “in the dark” about the nature of … Continue reading

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Eyeing Early Retirement

Despite all the doom and gloom surrounding the economy the last few years, many people still desire to be one of the lucky ones who are able to retire early. If you find yourself dreaming of such, you better take … Continue reading

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Smarter Retirement Planning

If you’ve learned nothing else, you are probably aware that the smarter you save, invest and live, the smarter your retirement planning will be by default. However, it’s possible and recommended that you take a more active role in planning … Continue reading

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Think You Know All You Need to Know About IRAs?

Think again. Having an IRA is one thing, but knowing the nuances of the rules surrounding IRAs is another thing.  To ensure your misconceptions don’t cost you dearly, make sure you know about the following: The age-55 penalty exception; The … Continue reading

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