Understanding Inherited IRAs

Understanding Inherited IRAs

Understanding Inherited IRAs

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What beneficiaries need to know and consider.   At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future.   Who was the original IRA owner? If the original owner...

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Retirement Plan Trusts

Retirement Plan Trusts

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These tools can shield inherited IRA assets from lawyers and creditors.   Inherited IRA assets are vulnerable in bankruptcy proceedings. Many older IRA owners and their beneficiaries do not realize this, but it is true.   In Clark, et ux v. Rameker (2014), the Supreme Court ruled 9-0 that...

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Debt Spoil Retirement

Will Debt Spoil Too Many Retirements?

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What pre-retirees owe could compromise their future quality of life.   The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off...

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Retiring Before 60

Retiring Before 60

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If that is your dream, explore whether these steps could be useful to take.   How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also...

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