Wednesday, July 20th, 2005
On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPA). The new law generally makes it tougher for people to protect their assets, but there are some exceptions. For instance, IRAs, fast becoming the biggest asset people have, actually receive ...
Posted in Asset Protection, IRAs, 401(k)s, 403(b)s, TSP(s), Long Term Care Insurance | No Comments »
Wednesday, June 1st, 2005
A recent U.S. Supreme Court ruling and new federal law have extended bankruptcy and lawsuit protection over most assets in individual retirement accounts. But the protection may not be complete for owners of large IRAs, caution financial planners.
Under federal ERISA law, assets held in most employer-based retirement plans such ...
Posted in Asset Protection, IRAs, 401(k)s, 403(b)s, TSP(s) | No Comments »
