Tags » Retirement Funds

Supreme Court holds inherited IRAs part of bankruptcy estate

The U.S. Supreme Court ruled in June that inherited IRAs are not “retirement funds” exempt from a debtor’s bankruptcy estate. Unlike funds in other accounts, funds in inherited IRAs are not set aside for the purpose of retirement, the Court held. 339 more words

IRS

1 Jul 2014 (TheAge) - Average super funds to return 13%

(1 July 2014, The Age, BusinessDay, p21, Sally Patten)

‘Superannuation fund members are on track to be the beneficiaries of a second consecutive year of double-digit returns, thanks to soaring equity markets. 75 more words

1.Market Observations

Financial Friday: Retirement...yeah right !?

I am not a financial advisor but I love reading and researching financial information.  I just finished a book that states I should be putting $620/month into our retirement account.   271 more words

Detroit’s pension reform: Bold, inevitable cuts for retirees

On Wednesday, Detroit Emergency Manager Kevyn Orr outlined a major pension reform, made in conjunction with labor partners, that includes cuts to current and future retirement benefits for the city’s public employees starting July 1. 368 more words

Finance

Clark v. Rameker

(U.S. Supreme Court, Issued June 12, 2014)

The U.S. Supreme Court holds that funds in an inherited IRA cannot be exempted from property of the estate as “retirement funds.” Congress did not intend for inherited IRAs to be exemptable property because of the inherent differences between an inherited IRA and a traditional IRA, including that funds from inherited IRAs may be withdrawn at any time. 7 more words

Exemption