Save time with our cheat sheets, fact sheets, checklists & books!

April 23, 2013

IRA Bankruptcy Limit Increase


Under The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, assets held in IRAs are exempted from bankruptcy up to $1 Million. This limit is adjusted to reflect changes in the consumer price index every three years on April 1. Effective April 1, 2019, the limit is $1,362,800 (increased from $1,245,475).

For more information , see Bankruptcy Protection for IRAs



Keep Learning

Qualified Charitable Distribution (QCD)

Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

Salary Deferral Contribution

Definition A contribution made pursuant to a participant’s election to have a portion of his/her salary/wages  contributed to his/ her employer sponsored plan  rather than

Key Employee

Definition An employee who, at any time during the plan year, is (i) an officer of the employer having an annual compensation greater than $180,000,

Be among the first to know when

IRA Rules