Re: US Supreme Court Rules Inherited IRAs are NOT Protected in Bankruptcy
Just hours ago, the US Supreme Court released its decision in the Clark case, ruling that inherited IRAs are not protected in bankruptcy under federal law. In something of a surprise, the decision was a unanimous 9-0. This issue has divided courts over the last few years, with the majority of courts ruling in favor of the IRA beneficiary, but the Supreme Court went the other way with its decision.
Now, in a Video Elite Alert Ed Slott, CPA and IRA Technical Consultant Jeffrey Levine, CPA discuss the Supreme Court’s decision and why it decided that inherited IRAs are not “retirement accounts,” and thus, not protected in bankruptcy.
You can also download the full text of the Supreme Court decision using the link below.
…(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
0 Comments