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Community: Investing Wiki

Term Of The Hour

inherited IRA creditors: Original post by Marilyn Lindblad of Demand Media One advantage of holding money in an individual retirement account (IRA) is that a creditor cannot garnish or levy an IRA to collect a judgment. When the account owner dies, the account passes on to her designated beneficiary. The account owner's creditors cannot levy the account for the deceased owner's debts, but state law and the beneficiary's…

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