Chippy Posted March 8, 2021 Share Posted March 8, 2021 If a participant rolls over their qualified retirement plan into an IRA, are the assets protected from creditors like they are in the qualified plan? Link to comment Share on other sites More sharing options...
ratherbereading Posted March 9, 2021 Share Posted March 9, 2021 How to Protect Your IRA from Creditors | Retirement Watch ESOPMomma 1 4 out of 3 people struggle with math Link to comment Share on other sites More sharing options...
CuseFan Posted March 9, 2021 Share Posted March 9, 2021 Maybe. The rules vary by state, but I think most states these days allow protection of IRA money at a similar level as qualified plans. Probably something you can Google easily enough. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
Luke Bailey Posted March 11, 2021 Share Posted March 11, 2021 Under the Federal Bankruptcy Code, rollovers to an IRA from an ERISA plan are protected 100%. Contributory IRA's up to $1 million. Absent unusual circumstances, if the IRA is not in bankruptcy, the account's anti-alienation provisions will prevail. Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034 Link to comment Share on other sites More sharing options...
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