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IRAs May Not Offer Asset Protection

Watch this video on YouTube Protecting what you have against frivolous lawsuits, unjust judgments, and unlawful seizure would seem to be important. Yet most Americans aren’t interested in asset protection. Why not? Maybe because over 70% of Americans have no...

Asset Protection and Medicaid

We’re pleased to feature a guest post from Tom Simmons, a partner with the Rapid City law firm of Gunderson, Palmer, Nelson & Ashmore, LLP. A Medicaid Irrevocable Income Only Trust (MIIOT; pronounced “my-ott”) is an irrevocable trust with both advantages for long...

Protecting Your Assets From Your Own Money Scripts

Watch this video on YouTube Asset protection is about protecting what you own against someone else taking it. The most common ways to lose assets are divorce, bankruptcy, and judgments filed against property as the result of a lawsuit. Putting your assets beyond reach...

Defining the Enemy in the War on “The Rich”

Watch this video on YouTube Before fighting a war, it’s a good thing to know your enemy. Our federal government spends almost $2 for every $1 it receives. Our national debt is now over $14 trillion, representing almost 100% of our Gross Domestic Product (national...

NYT Blogs On Dave Ramsey’s 12% Solution

A post by Ann Carrins and Ron Lieber on the New York Times “Bucks” blog references my recent article regarding the fallacy of Dave Ramsey’s assertion that anyone can earn 12% annually by putting all their funds in “good growth mutual...