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Retirement Account Bankruptcy Protection
In 2005, a set of Federal bankruptcy law amendments added protection of retirement accounts from creditors. However, a few weeks ago, the U.S. Supreme Court unanimously ruled that inherited individual retirement accounts are not protected. What this means is that your own IRAs and other retirement accounts are protected from creditors while you are alive. […]
The Future of Financial Advice
Should American financial advisors always be looking out for the best interests of their clients? Should our government intervene to ensure they do so? Australia thinks so, and has passed new laws to make it happen. To illustrate, let’s imagine that your credit card company offered to exchange your old card for a new one, […]