Should I Become Mom’s Representative Payee?

Q.  Mom recently moved in with us so we can help care for her. When we notified Social Security of this, they asked if I wished to become mom’s representative payee.  Is that something I should do?  A.  It all depends.  In the Social Security system, a representative payee is appointed to receive funds for… Read More »

Is My IRA Safe from Creditors?

Q.  My wife and I have a lot of credit card debt and we are having difficulty keeping it current. Most of  our savings is in my IRA. Are these funds protected from our creditors?  A.  In California, Traditional IRA accounts enjoy only limited protection under state law, but expanded protection under federal bankruptcy law…. Read More »