The recent Eleventh Circuit decision on Yerian v. Webber confirmed a judgement that Keith Yerian’s self-directed IRA could go to his creditors. According to Peter J. Reily, the judgement is a “big deal” considering the Individual Retirement Account’s role both as a tax vehicle allowing an immediate detection and tax-deferred growth or tax-free growth and as an asset protection vehicle – bankruptcy remote. Reily writes, “The practical takeaway I get from the decision is that if you have reason to be concerned about asset protection, you might want to think about whether a self-directed IRA is your best choice since apparently, it is not just the IRS you have to worry about looking over your shoulder.”
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