United States Supreme Court

Supreme Court To Hear Important Case on Inherited IRAs and Bankruptcy

The United States Supreme Court has agreed to hear arguments in a case that involves a married couple who went bankrupt after opening a pizza shop.  They owe their creditors $700,000.  However, the wife’s late mother left them $300,000 in an IRA.  In ordinary bankruptcy proceedings, IRAs are generally considered off-limits (which is one of…

Asset Placement Tax Strategy for Investment Portfolio Income

Investment Tax Strategy Can Make Two Identical Portfolios Experience Very Different Outcomes (Part 2)

After our discussion two days ago, I was thinking about investment tax strategies, again, this morning as I sat in my living room with a notebook, a cup of black coffee, and Sungkyunkwan Scandal playing on television in the background.  It’s been several years since I dove into a tax strategy known as asset positioning, but a…