Can creditors garnish money from an inherited IRA?
It makes sense to assume an inherited IRA is protected like your own retirement money, but is that really the case?
Watch CBS News
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics, from the benefits of gold investing to the many uses of home equity loans.
Angelica previously held editorial roles at Bankrate, HousingWire and other financial publications, where she focused on insurance, credit cards and mortgage and housing content. She has also written for publications like The Motley Fool and Forbes Advisor. Prior to working in personal finance, Angelica held editorial roles at alt-weeklies that include the Houston Press and the Dallas Observer.
It makes sense to assume an inherited IRA is protected like your own retirement money, but is that really the case?
Tapping home equity can offer more financial flexibility in retirement, but finding the right approach is important.
A home warranty helps cover repair or replacement of certain appliances, but does that include a central AC unit?
Not all retirement assets get the same legal protections, and a few could be at risk if you're sued.
Rising veterinary costs are forcing pet owners to make tough decisions, but should delaying care be one of them?
Do you owe money to debt collectors but use an online bank? Here's what to know before the problems escalate.
If there's one name on the bill, could two paychecks really be at risk? Here's what creditors can actually do.
Social Security disability benefits can provide crucial income support, but eligibility is notoriously strict.
A frozen checking account may not be the end of a creditor's collection efforts. Here's what could come next.
Your Social Security check isn't fully shielded from old federal student loans. Here's how much is at risk.
Repairing your AC can save you thousands of dollars, but only if you know when fixing it makes financial sense.
Many retirees assume Social Security is untouchable, but these garnishment rules offer a more nuanced story.
Your credit card balance can quietly reshape your retirement healthcare, and not always in the way you'd expect.
Before you replace your air conditioner, make sure you understand the full cost — and what can impact it.
If a creditor sues you in retirement, understanding the process could help you avoid some costly mistakes.