Bobby’s Article on IRA Beneficiary Designation Options Published in the Journal of Financial Service Professionals

29 Jan

Bobby’s Article on IRA Beneficiary Designation Options Published in the Journal of Financial Service Professionals

Bobby Feisee co-authored an article which was published in the January 2015 edition of the Journal of Financial Service Professionals (Vol. 69, Issue 1, pp. 57-62). The article explores how IRA beneficiary designations have been altered in the aftermath of the U.S. Supreme Court’s decision in Clark v. Rameker. In a unanimous 9-0 decision, the SCOTUS decided that inherited IRAs are not “retirement funds” within the meaning of federal bankruptcy law. This means they are available to satisfy creditors’ claims.

Bobby recommends financial advisers help their clients with re-examining any outright beneficiary designations for their retirement accounts. The goal is to insure the funds in your IRA will remain protected for your beneficiaries.

Check out the article here:
Counseling Clients on Their IRA Beneficiary Designation Options: The Impact of the Recent U.S. Supreme Court Case, Clark v. Rameker