With the Texas case of In re Chilton reversed in U.S. District Court, which held that the debtor's inherited IRA was exempt from the claims of creditors, all bankruptcy courts that have ruled on the issue have determined that inherited IRAs... Read More
I've been a big proponent of planning to preserve the ability to "stretch" inherited IRAs over the life expectancy of the beneficiary, which allows for tremendous tax-deferred growth. In what came as a big surprise, to me anyway, Senator... Read More
From the US Department of Justice : Philip A. Kaiser of St. Louis Also Must Provide Client List to Justice Department WASHINGTON - A federal judge in St. Louis has permanently barred a Missouri attorney and his law firm from promoting any... Read More
With the holidays upon us, it's time to do some planning that can help reduce your tax bill this year. Contributing to your retirement plan is a fast and easy way to cut your taxes, while building your nest egg. The federal limit for 401(k) contributions... Read More
Proposed regulation 115809-11 would allow IRA participants in 403(b), eligible governmental 457 plans, and IRAs other than a Roth IRA or defined benefit plan to purchase annuity contracts. The annuity contracts would begin at an advanced age. The proposed... Read More
As I tell my clients and audiences during presentations, one should never name one's estate as beneficiary of an IRA or other retirement account. If the estate is the beneficiary, whether from a purposeful designation, failure to name a beneficiary... Read More
From the US Department of Justice : Philip A. Kaiser of St. Louis Also Must Provide Client List to Justice Department WASHINGTON - A federal judge in St. Louis has permanently barred a Missouri attorney and his law firm from promoting any Individual... Read More