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Supreme Court Limits Protection of IRA Assets from Creditors

Sunday, Jun 15 2014

Retirement

Written by PFA News

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The Supreme Court has ruled that inherited IRAs don’t have the same protection from creditors as non-inherited IRAs. So reports DailyFinance.

IRAs that have been rolled over from 401(k) accounts have traditionally been protected from creditors, but the Supreme Court has ruled that a couple that recently inherited an IRA must use the assets to satisfy outstanding obligations.

Read the full article from DailyFinance.

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