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Is my rollover IRA protected from creditors in Grand Rapids, Michigan?
Your IRA is protected from Creditors, they have no right to bother your IRA.
Would assets in an inherited ira be protected from creditors in a chapter 7 bankruptcy?
No the IRA would no longer be protected having been inherited.
Is your beneficiary IRA protected from creditors?
yes
Can IRA be seized by a creditor?
No, the are protected by the courts.
what rates on IRA CDs can I get in Wichita, KS?
You can still get 3% with a long term commitment
What is a IRA And what is it used for?
An IRA is a long-term savings plan that offers certain advantages over other types of investments. Typically, IRA's have tax deferral features that allow investors to re-invest funds until the time the IRA's are cashed out.
About how much of my savings should I put in my IRA and how much in a CD?
Tax law dictates the amount you can contribute to an IRA annually. You'll find details here: www.irs.gov/publications/p590/index.html How much of your savings you commit to your IRA or tie up in a long-term CD is personal and depends on your financial situation as well as your long term goals.
How long does it take to receive a unqualified distribution from your IRA?
The trustee of your IRA would be the one that should be able to give you the correct time period that will be required for the trustee to take care of making the unqualified distribution amount available to you from your IRA account to you.
How does an individual 401 K differ from a Roth IRA?
The Roth IRA is the best long term investment because you get the money out later with no tax on it though you do pay some as you pay into it.
Can 401K or IRA money be used to pay for long term care insurance?
Unfortunately not. You can use the new Medical Savings Account system, though. You may use your money to buy what you want, but you may have penalties for withdrawing the funds. The cost of care may rapidly deplete those savings. One option would be to roll your IRA into a fixed annuity that earns interest, and have that interest assigned to pay the premium for long term care insurance. Yes in most cases you can, by taking a small part of the money, such as the interest.It depend on the company the money is with.. And the law says that a certain amount of the money paid on long term care is tax deductible. If you or self employed it may all be ded. Also congress is working on making it all tax deductible,
Are assets in a self directed IRA protected from creditors or bankruptcy?
Yes Yes
Traditional IRA Calculator?
Traditional IRA Calculator Contributing to a traditional IRA can create a current tax deduction, plus it provides for tax-deferred growth. While long term savings in a Roth IRA may produce better after tax returns, a Traditional IRA may be an excellent alternative if you qualify for the tax deduction.
