Are IRAs creditor-proof?

Answer On One Hand: IRAs are Shielded From CreditorsThe Supreme Court has ruled that IRAs, like pensions, 401(k) accounts, Social Security and other age-related benefits, are untouchable by creditors. Whi... Read More »

Top Q&A For: Are IRAs creditor-proof

How to Creditor Proof Your Business in Canada?

A frequent cause of personal financial difficulties is the failure of a personal business. These individuals must often file for bankruptcy or make a proposal to their creditors as result of busine... Read More »

How to File a Proof of Claim If You Have Been Listed As a Creditor in a Bankruptcy?

A proof of claim is a document that creditors use to prove their stake in a bankruptcy case. The document states the claim amount and provides evidence of the debt owed. Creditors must file a proof... Read More »

How to Roll Over Traditional IRAs to Roth IRAs & Change Brokers?

Traditional individual retirement accounts are tax-deferred savings vehicles helping investors save money to supplement retirement income. The money put into traditional IRAs is pretax money and ad... Read More »

What year did the government allow regular IRAs to roll over to Roth IRAs?

Roth IRAs were formally legislated as a result of the Taxpayer Relief Act of 1997. This legislation permitted new Roth IRAs to be created for tax year 1998 as well as the "conversion" of traditiona... Read More »