What Is The Federal Exemption For IRAs In Bankruptcy?
Автор: Golden Years Investing
Загружено: 2026-01-24
Просмотров: 1
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Facing financial difficulties can be daunting, but what happens to your hard-earned retirement savings when bankruptcy looms? This video dives into the federal protections for your IRAs, ensuring your nest egg isn't completely wiped out.
Here’s what you’ll discover about safeguarding your retirement:
► Federal law allows you to shield up to $1,512,350 of your traditional and Roth IRAs from creditors in bankruptcy (as of April 2022).
► This protection applies to the total amount across all your traditional and Roth IRA accounts, preserving a foundation for your future.
► Funds rolled over from employer-sponsored plans (like 401ks) into an IRA receive unlimited protection, maintaining their original qualified status.
► The federal exemption amount is periodically adjusted for inflation, typically every three years, to ensure its continued relevance and purchasing power.
#IRABankruptcy, #RetirementProtection, #FinancialPlanning, #BankruptcyLaw, #IRA, #GoldenYearsInvesting
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