The older unemployed conundrum

Nothing throws a financial plan off course like unplanned unemployment in the years leading up to retirement. Plenty of plans have been derailed in the aftermath of the Great Recession.

Near-retirees who are out of work or underemployed have probably reduced, or eliminated, retirement plan contributions. Perhaps they've tapped savings accounts to meet living expenses...

Inherited IRAs lose protection from creditors

The Supreme Court issued a ruling late last week that has major repercussions for IRA account holders, specifically those who inherit IRAs.


When an individual files for bankruptcy, any savings he or she has managed to accumulate in retirement accounts are usually protected from the reach of creditors. However with their decision on June 12, 2014, the high court removed this protection for inherited IRAs...