News
Whether your individual retirement account (IRA) can be taken in a lawsuit depends largely on ... individually held IRAs are not offered blanket protection from creditors under federal law.
"Every state has a different law about whether creditors can attach an IRA or not," said Fred Reish ... according to a study by the Consumer Financial Protection Bureau. That includes medical ...
The persons or trusts that took the balance of the trust assets when the spouse or child died would be required to receive a “carryover” federal income tax basis in the IRA or 401k proceeds ...
As mentioned, the Supreme Court ruled that inherited IRA accounts don't offer the same protection from creditors in the event of bankruptcy, a lawsuit, or other situations as do regular IRA ...
The laws governing the protection of IRA assets vary widely by state. In some states, creditors may be able to claim your IRA assets in a lawsuit or bankruptcy. Sullivan says investors who believe ...
A great benefiit is you can take tax-free withdrawals from a Roth IRA during retirement. The only investments you can make in a 401(k) are from those that your plan provides. Roth IRAs have ...
Hosted on MSN10mon
Can My IRA Be Taken in a Lawsuit?If you are sued, creditors may be able to access your retirement savings if you are required to pay a settlement. State protections for IRA funds in a lawsuit vary considerably among the 50 states ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results