Many of you may already know that the Florida statutes protect IRA accounts from garnishment by creditors. The Second District Court of Appeal in Florida has recently ruled that creditor protection does not apply to an inherited IRA.
In Robertson v. Deeb the court found that despite a state law protecting retirement accounts, inherited IRAs are [...]
John C. Bogle, founder of the Vanguard Group lectured a Columbia University audience earlier this month and what he said was both surprising and illuminating. His lecture focused on the problems leading up to our current financial crisis. While pointing a finger at the usual suspects (lenders, mortgage brokers, regulators, Wall Street traders, borrowers), he [...]
One difficult aspect for those who own small or family businesses is how to get out of that business and get something back for it in return. For those whose business is marketable to a third party, selling the business is alluring. There are obvious legal issues to protect oneself in that transaction, but that [...]