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<\/a><\/p>\nThe old idea of retirement planning being a “three-legged stool” still holds basically true, but it’s also a little more complicated than it used to be.<\/p>\n<\/div>\n
Individual retirement accounts, or IRAs, have been a valuable tool for retirement and estate planning for several decades. It has been a great way for people to save money for retirement with little or no taxes paid and grow with interest to provide a nice nest egg to live on later in life or to pass on to beneficiaries.
\nThis comes about following a landmark Supreme Court case that did not get many headlines nationally but has wide ramifications.<\/p>\n
No Asset Protection for Inherited IRAs<\/h1>\n
The Supremes ruled in the 2014 case, Clark v. Rameker, that an inherited IRA is not a \u201cprotected account\u201d under federal bankruptcy laws. What this means is if you have an IRA that you inherited from a loved one who passed away and you (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The old idea of retirement planning being a “three-legged stool” still holds basically true, but it’s also a little more complicated than it used to be. Individual retirement accounts, or IRAs, have been a valuable tool for retirement and estate…<\/span><\/p>\n