Lord Richards also ripped up years of official Government policy to insist the 30 year-long Troubles was a war rather than terrorist action. He said: “If you’re in a firefight with a group of IRA, for us actually engaged in the fight, it was a war”. … [Read more...] about IRA killers should get amnesty as well as army veterans to end Northern Ireland witch hunt, ex-defence chief demands
The group is also linked to the deaths of prison officers David Black, who was shot as he drove to work at Maghaberry Prison in 2012, and Adrian Ismay, who died in 2016 after a bomb exploded under his van outside his home in east Belfast. … [Read more...] about Who are the New IRA and how are they different?
If more than one IRA is rolled over in a 12-month time period, that could create a taxable event. In other words, if a spouse rolls over an account in August of 2014, and then in July of 2015 pursuant to a divorce rolls over another IRA account, the second rollover could be treated as a taxable event subjecting that spouse to ordinary income taxes. The lesson is to be careful in doing IRA rollovers and time the rollovers to occur at least one year apart. … [Read more...] about IRA Rollover Trap (in Divorce Cases)
Besides the equity in their homes, many Americans have most of their wealth in their qualified retirement assets. Retirement assets often are held in IRA's, as employees rollover 401(k)'s and other retirement accounts into one or more IRA's. How to protect and pass the IRA assets to descendants is a complex topic. … [Read more...] about IRA’s and Income Tax and Creditor Protection Planning
Notwithstanding, Congress and the President are examining whether limitations need to be placed on IRA’s. For example, the President wants to prohibit contributions to IRA’s that have more than $3 million of assets. Congress may eliminate stretch IRA’s, mentioned above. Also, Congress is considering greater limitations on the types of assets that can be held by an IRA. … [Read more...] about Is It R.I.P. For IRA’s? – Individual Retirement Accounts