IRA
IRA in bankruptcy
Thursday, February 10th, 2011Americans who are going through financial crises and have retirement plans can file bankruptcy so that the IRA assets get shielded from the creditors. Many retirement plans like the IRA are not included under bankruptcy estate. BAPCA (Bankruptcy Abuse Prevention and Consumer Protection Act) of 2005 extended ERISA protection over IRA and some more investment [...]
Seven Ways to Avoid a Heavy Withdrawal Penalty on Your IRA
Tuesday, April 14th, 2009If you are an IRA owner, perhaps you know that you are marked for a 10 percent penalty in case of withdrawing funds earlier than the stipulated time. You can’t run away from these deductions in a normal scenario but if you can illustrate urgency then you might get away with the 10 percent penalty [...]