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beneficiaries

You Need to Set Up Asset Protection for the Inherited IRA

Asset protection for IRAs is often overlooked. IRA beneficiaries may be exposed to the potential loss of some or all of their inherited IRAs, for many reasons: Loss of the IRA to lawsuits and creditors. State statutes vary on how much they exempt IRAs from lawsuitsand creditors’ judgments. Recent Rulings on a federal level have deemed IRAs to not be creditor proof.  So in the even...
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Important Rollover Information For Your IRA’s & Qualified Plans

Important Rollover Information For Your IRA's & Qualified Plans There is a a lot of confusion regarding all of the rules regarding moving money in or out of retirement plans and IRA’s.  With the potential consequence of having funds that have never been taxed, to all of a sudden become taxable income, creates fear and trembling among many people.  Let’s dive into the do’s and don'ts reg...
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Why The Inherited Or Stretch IRA Usually Does Not Happen

Why The Inherited Or Stretch IRA Usually Does Not Happen Unfortunately, most beneficiaries do not always take advantage of the IRA stretch out after the IRA owner’s death. In fact, often the reality is that beneficiaries will withdraw funds from the IRA much earlier and destroy what for many could be their greatest wealth building vehicle. This occurs for a number of reasons. Somet...
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