Jump to content

Do SEPS have the same level of protection from creditors as does let's say a 401(k)?

Guest sugar daddy

Recommended Posts

The SEP is only a traditional IRA. So, you're looking at creditor protection for IRAs when dealing with SEPs.

Good Luck!

SEPS have unlimited protection from bankruptcy creditors while all IRAs of a taxpayer are only protected from bankruptcy creditors up to a total of $1,093,000.

SEPS/ IRAs have same protection from general creditors in many states that are available to qualified plans. In NJ there is unlimited protection from all creditors except for fraudlent conveyance and QDROs.


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...