The Birdy Num Num Indian podcast is all about inspiring the creative Indian.With over 35M views online spanning a career in IT and Stand Up Comedy, Indian-American comedian Sanjay Manaktala is the epitome of "because life begins after engineering." A good chunk of his guests also live by this philosophy. Every Monday and Thursday Sanjay talks creativity, dating, technology, life, current events and general life advice from the perspective of a 30 something Indian American guy traveling the w ...
Manage episode 154998891 series 1142608
For several years, there has been a divide among the courts nationwide as to whether or not IRAs that were inherited are protected from creditors or bankruptcy. As of June 12, 2014, we definitively know the answer – and it isn’t an answer most of you will like. The answer, according to the U.S. Supreme Court in Clark v. Rameker is…NO, an inherited IRA is NOT protected from creditors in bankruptcy. If you own an IRA, 401k, 403b, tax-deferred annuity or other qualified asset, understanding a recent Supreme Court decision (Clark v. Rameker) is essential if you wish this asset to be protected from creditors or bankruptcy. The point: INHERITED IRAs are not protected! Yet, with some SMART PLANNING, they can be. You just need to understand how and why to do it. In this episode, Dave Zumpano of Lawyers With Purpose returns to discuss protection of this all-important asset. Every person that has this type of asset, ever financial professional (including financial planners and CPAs), and every estate planning attorney needs to hear and understand this. Read show notes: www.SmartPlanning101.com/25