Required Minimum Distribution The IRS recently issued official guidance providing relief to some taxpayers who may not have made a Required Minimum Distribution (RMD) from their IRA or other retirement accounts. The official guidance also provides relief to some taxpayers who took a distribution in 2023 from a retirement account and wish to make a
Retirement Account
Will I lose My Retirement Account to Creditors in Bankruptcy?
Will I Lose My Retirement Account to Creditors in Bankruptcy? For those considering bankruptcy as a debt relief strategy, a main concern is whether they will lose their retirement account to creditors as part of the process. The short answer is, “it depends.” In many situations, keeping retirement savings is possible, but this is not