Archive for February, 2013

Are Roth IRAs protected from creditors in a bankruptcy proceeding?

February 21st, 2013

Protection for some IRAs came in 2005 through the Bankruptcy Abuse Protection Act. The law provides debtors in bankruptcy with an exemption for retirement assets in qualified plans, qualified annuities, tax sheltered annuities, and self-employed plans. In addition, the law exempts all assets in an IRA that are attributable to rollovers from a retirement plan […]

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If I decide to take distributions from a Roth IRA, do I have take distributions in a certain order?

February 15th, 2013

In general, you cannot pick and choose the origin of each distribution you take. For example, if you take a distribution before the five-year holding period is up, you would want to take your contributions first, because they are not subject to tax or penalties. However, the ordering rules for determining Roth distributions are quite […]

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What is a Real Estate IRA?

February 4th, 2013

A real estate IRA also known as a Self Directed IRA or a checkbook control IRA is a retirement investment structure that allow ones to use their retirement funds to make real estate as well as any IRS approved investment tax-free and without custodian consent. A real estate IRA is a tax court and IRS […]

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