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Inherited IRAs: Are These Assets Considered Retirement Funds?

by | 13 Jan | Retirement Planning & IRAs

Posted by: Barbara Theofilos, CPA

In a unanimous decision, the U.S. Supreme Court ruled that inherited IRAs are not considered retirement funds and therefore are not protected in bankruptcy.

The assets held in a traditional IRA account are considered to be safe in bankruptcy since the system is designed to ensure that these funds are available during retirement.

Learn more about inherited IRAs here. 

If you have questions on this, or any other tax or business related issue, please contact the experts at Zinner & Co.
Zinner & Co.

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Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.

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