Generally speaking, retirement funds are protected assets when a person files bankruptcy. This generally means they cannot be taken away as part of a bankruptcy. What about a situation where you leave an IRA to a beneficiary who has filed bankruptcy. The Law May be Unclear The rulings can vary from state to state but [...]
If you or an elderly loved one has an IRA you might be wondering if the amount in the IRA counts as an asset when considering eligibility for Medicaid. The answer can depend on a few factors, as well as what state you reside in. […]
If you have done any retirement planning at all you have run across both of these terms. While they sometimes can seem interchangeable, there are some very distinct differences between a 401k and an IRA. Employer vs. Individual The main difference between a 401k and an IRA is who sets them up. An IRA is [...]
Having an IRA is a great idea for your retirement. There are some rules and regulations that you need to be aware of if you are going to open an IRA for your retirement. Here are some things to avoid if you have or are planning on opening an IRA account. Putting Away Too Much [...]