Retirement Accounts

Relief in 2023 from RMD Rules

In Notice 2023-54, the IRS granted relief to individuals and retirement plans from taking required minimum distributions in 2023. This…

2 years ago
Thoughts on Advance Planning with Inherited IRAsThoughts on Advance Planning with Inherited IRAs

Thoughts on Advance Planning with Inherited IRAs

If you're concerned about protecting your resources, here are a few thoughts on how to protect Inherited IRAs. First, define…

2 years ago
Don’t pledge your IRA as collateral or you might lose creditor protectionDon’t pledge your IRA as collateral or you might lose creditor protection

Don’t pledge your IRA as collateral or you might lose creditor protection

Retirement accounts that qualify under the Employee Retirement Income Security Act (ERISA) are generally protected from creditors, bankruptcy proceedings and…

3 years ago

Medicaid Treatment of Retirement Accounts

Treatment of retirement accounts. Section Section 2332 indicates that an applicant must apply for periodic benefits, but does not indicate whether the…

4 years ago