Ask Ed: Financial Planning Questions & Answers
Question: If I have a rollover from a 401-k to an IRA, does the rollover count toward the $1,362,800 cap?
Question: What amounts are protected against general creator protection as opposed to bankruptcy, which is governed by the bankruptcy code?
Answer: The non-bankruptcy protections vary from state to state.
Question: What treatment is applied when a claim is brought against an investment inside the IRA? An accident by a customer of motorcycle rental business owned by the IRA for instance?
Answer: Generally, if an LLC was established as owner of the business inside the IRA, the IRA claim can be mitigated.
Have a question? Contact Ed Mahaffy.
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