Personal Finance Advice and Commentary

Monday, February 28, 2011 5:00 pm
By Jennie L. Phipps · Bankrate.com

Here’s an off-the-wall retirement planning wrinkle. New rules take affect May 1 that make it much harder for creditors to garnish Social Security, veterans pensions, Supplemental Security Income and Social Security Disability from recipients who owe them money. The new U.S. Treasury rule requires all banks to determine whether an account contains these protected funds.