Are your retirement savings secure from creditors?

Oct 4, 2017 | News

A primary goal of estate planning is asset protection. If you have significant assets in IRAs and other retirement plans, it’s important to understand the extent to which those assets are protected against creditors’ claims. For example, the asset protection available for IRAs depends in part on whether the owner is involved in bankruptcy proceedings. In a bankruptcy context, creditor protection is governed by federal law: Both traditional and Roth IRAs are exempt from creditors’ claims up to an inflation-adjusted $1 million. Contact us for additional details.