Paper I Bonds no longer available in 2012
Moderator: Global Moderator
Re: Paper I Bonds no longer available in 2012
Thanks for pointing out that for most of us, an umbrella policy works just fine. However, as you move up the food chain, it does become increasingly more important to use LLCs, trusts, family planning, etc, as a means to protect your assets. There are a lot of sharks out there, and the wealthy need protection so that anyone walking on their sidewalk doesn't file a slip-n-fall lawsuit and take their entire net worth.
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: Paper I Bonds no longer available in 2012
That is correct.ahhrunforthehills wrote: Actually, it is my understanding that IRA are not always fully protected. It depends on your state. In many states IRAs have less protection than pension plans and 401(k) plans.
Qualified retirement plans enjoy slightly better creditor protection than IRAs.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”