Understanding How Bankruptcy Affects Your Retirement Accounts Does filing for bankruptcy mean forfeiting your retirement funds? For most people, it doesn’t. Most retirement accounts are protected in bankruptcy, which means they are not used to repay your debts. However, there are exemption limits on some types of accounts and there may be consequences for withdrawing […]
Tag: retirement income
Understanding Annuities: A Comprehensive Guide In 2023, annuity sales in the U.S. were projected to reach a record high of more than $350 billion, up 21% over a record-setting year in 2022, according to insurance trade group LIMRA. Yet, annuities may be less familiar than other common financial products like mutual funds or 401(k)s. Many […]