Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy. The bankruptcy code has 2 different key sections that will protect your 401k funds. The first section is 541 of the…
The other day I was talking with a friend, and they told me they were a bit irritated at their CPA. It seems my friend asked the CPA a “basic” tax question and the CPA said they were going to…
Back in my stockbroker days, I had a client come in for financial advice for her IRA. When I asked her what the IRA was invested in, she told me the friendly lady from the bank said a muni bond…