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Double Dipping On Retirement Savings

By Cathy Moran

double dip retirement

Any time you can double your retirement savings and protect your money from creditors is a good time of the year. The period between New Years and Tax Day is my favorite time of the year, just for that reason. You can make contributions to your IRA last year AND contribute to this year’s IRA […]

Filed Under: Consumer Rights Tagged With: 2018, exemptions, retirement, tax

Does Bankruptcy Bar Retirement Savings?

By Cathy Moran

retirement contributions

Ongoing retirement saving by Chapter 13 debtors has been a touchy subject since the means test became a part of the bankruptcy scene. The means test was intended to squeeze every available dollar from consumer debtors. It works by limiting the expenses that can be deducted from income in figuring what a debtor can/must pay […]

Filed Under: Chapter 13, Featured Tagged With: 2020, means test, retirement

Stay At Home Doesn’t Mean Get Left Behind At Retirement

By Cathy Moran

Just because you don’t work outside the home doesn’t mean you can live on nothing in your old age. If you are married and your spouse has qualifying income, you can contribute to a spousal IRA. And you should. The IRA rules for a nonworking spouse are essentially like the rules for an employed person: […]

Filed Under: Consumer Rights, Managing Money Tagged With: IRA, non-working spouse, retirement

Annual IRA Contribution: Use It Or Lose It

By Cathy Moran

IRA contribution

Tax day approaches. With it comes the IRA contribution deadline. You expect to live for decades after you’re eligible for Social Security, don’t you? Then, you have only until April 15th to use the 2021 allowance for contributions to a tax-advantaged IRA. Miss making that 2021 contribution and it’s gone for all time. So, you […]

Filed Under: Consumer Rights Tagged With: retirement, taxes

Is Home Equity A Substitute For Retirement Savings

By Cathy Moran

Home as retirement savings

My home is my retirement plan. If I had a dollar for every time a client said that, I could retire today. But that approach to funding your old age only works if…. Sell your house to retire The value in your house makes your balance sheet strong, but doesn’t put food on the table […]

Filed Under: Real property & mortgages Tagged With: 2017, home equity, retirement

The Most Compelling Reason To File Bankruptcy

By Cathy Moran

retirement planning

Shedding debt so you can save for retirement is the most compelling reason to file bankruptcy in my book. Get rid of the debt that’s dischargeable so you can fund your retirement, I exhort. Between the crippling cost of housing in the Bay Area and parent loans for college, there is so little margin for […]

Filed Under: Considering Bankruptcy, Featured Tagged With: 2017, reason to file, retirement, saving

Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

How Bankruptcy Works

When Can I File Bankruptcy Again

Remember the old high school cheer:  two, four, six, eight, who do we appreciate? Turns out, that's not just a cheer, it's shorthand for the rule on when you can file bankruptcy again. And it points out that when you can file again depends on what kind of bankruptcy you filed last time. Here's how it … Read more

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