Retirement Plans

Start Planning Now for Your 2010 Roth IRA

Many people have wanted a Roth IRA, but didn’t meet the income limit guidelines. In 2010 this will no longer be an issue. Beginning in 2010, the income limits on Roth IRA conversions that have prevented taxpayers with modified adjusted gross incomes of £100,000 or more to convert their traditional IRAs to Roth IRAs are… Read More

Can a Creditor reach your IRA?

Assets in qualified retirement plans such as 401 (k) plans, defined benefit pension plans, and profit sharing plans, are specifically protected from the claims of creditors by the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and a 1992 decision of the Supreme Court of the United States, Patterson v. Shumate. In… Read More