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One Way to Lose IRA Bankruptcy Protection
Slott Report 
[Guidance Overview] Oct. 1, 2025 "[In] most cases, no IRA funds will need to be turned over to creditors if you file for bankruptcy. However, there is one important exception to that rule. If your IRA loses its tax-exempt status, bankruptcy protection for that IRA disappears. When would this happen? The most common way is when a person in bankruptcy commits a 'prohibited transaction' with his IRA dollars." MORE >> |
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