Understanding the limits imposed by the Internal Revenue Service (IRS) on IRA rollovers might be a crucial aspect of financial planning if you rely heavily on IRA funds for retirement. An IRA rollover limit refers to the maximum amount of money that one can transfer from a 401(k) or other employer-sponsored retirement plan into an […] The post What Are the IRA Rollover Limits? appeared first on SmartReads by SmartAsset.
it may have been the only place he had cash to invest. he invested in one of these deals through his rollover i.r.a., perhaps after he left office. it has a secondary function. an i.r.a. is essentially an asset protection trust. if romney has $20 million in there, that s 10% of what he says is his wealth, not counting the 100 million he gave his sons, effectively has created an asset protection trust so that if everything goes wrong, creditors still can t come after that portion of his money as long as he follows all the right rules. i see. an asset protection trust, if you have to defend yourself from creditors, that s a technique for parking it in there. without any of the smarmyness of setting up something in the cook islands or anything else. welcome to tax talk on up w/ chris hayes. if you want to live twitter your tax questions, i ll ask them to
keep the government from defaulting. early this afternoon bulletins went out via the new york times and the wall street journal that president obama and house speaker john boehner were close to an agreement on debt reduction on a deal there, but the white house is shooting those stories down. listen up. the breaking news report that you all probably received is incorrect. there is no deal. we are not close to a deal. the fact is that there is no progress to report, but we continue to work on getting the most significant deficit reduction package possible. you can see that is a flat-out denial from the white house, but keep in mind we had two major news operations reporting pretty much the same thing this a deal was in reach. let s go to kate balduan joining us live from capitol hill. kate, what are your sources saying up there about this? reporter: a couple of things on this. you heard there from the president s spokesman jay carney. we ve, of course, been asking ab