Regional Vice President of Sales The Retirement Plan Company
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Compass
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$1,512,350 Is the New $1,362,800
Slott Report Mar. 28, 2022 "Under the federal bankruptcy law, IRA assets up to a certain dollar limit cannot be reached by creditors. That dollar limit is indexed every three years based on the cost-of-living. The current dollar limit is currently $1,362,800, but on April 1 it goes up to $1,512,350 until March 31, 2025. That limit is especially generous because it doesn't take into account rollovers from employer plans like 401(k) plans." |
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