Monthly Archives: April 2005

IRA Exemptions: Supreme Court Settled the Matter?

Howard Rosen, Esq. & Patricia Donlevy-Rosen, Esq.   April 1, 2005   Comments Off on IRA Exemptions: Supreme Court Settled the Matter?

On April 4, 2005, the United States Supreme Court handed down its decision in Rousey v. Jacoway, a case addressing the issue of exempting individual retirement accounts (IRAs) from federal bankruptcy proceedings. The decision was widely hailed in the financial press, with such headlines as “High Court Rules IRAs Untouchable – Unanimous Decision Means Retirement Savings Are Protected From Creditors”.