October 2014

October 2014

Less Protection for Inherited IRAs

Submitted by Financial & Estate Advisors on October 29th, 2014

A SCOTUS ruling raises eyebrows. This past summer, the Supreme Court ruled 9-0 that assets held within inherited IRAs by non-spousal beneficiaries do not legally constitute “retirement funds.” Therefore, those assets are not protected from creditors under federal bankruptcy statutes.

This opinion may have you scratching your head. “IRA” stands for Individual Retirement Arrangement, right? So how could IRA assets fail to qualify as retirement assets?

Fall Financial Reminders

Submitted by Financial & Estate Advisors on October 22nd, 2014

As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are several you might want to explore before 2015 arrives.

Don't forget that IRA RMD. If you own one or more traditional IRAs, you have to take your annual required minimum distribution (RMD) from one or more of those IRAs by December 31. If you are being asked to take your very first RMD, you actually have until April 15, 2015 to take it - but your 2015 income taxes may be substantially greater as a result. (Note: original owners of Roth IRAs never have to take RMDs from those accounts.)

The Markets Wild Swings

Submitted by Financial & Estate Advisors on October 15th, 2014

During this past trading week, volatility ruled Wall Street. In fact, stocks either fell or rose 1.5% or more on three consecutive trading days. That had happened only 54 times since 1928.

Less Protection for Inherited IRAs

Fall Financial Reminders

The Markets Wild Swings

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October 2014

Contact Us

Don't hesitate to get in touch with us.We would love the opportunity to become your trusted advisor.

Quick Message

Don't hesitate to get in touch with us.
We would love the opportunity to become your trusted advisor.