1. What do you think the policy is for allowing pension plans and other retirement-type income to be exempt?
2. The difference between an IRA and other exemptions is discussed by the court. Do you accept the argument that an IRA should be like a pension? Explain.
3. Since the court announced this ruling, do you think it will act as an incentive for people to put their money in an IRA rather than other types of savings vehicles to protect it from the possible reach of a bankruptcy trustee? Should it? Do you perceive any potential ethical issues involved in the Court’s position? Explain.