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IRAs: Frequently Asked Questions

Are Assets In An IRA Protected From Creditors?

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The answer depends on the type of IRA and the state in which you live.

Traditional IRA: The bankruptcy laws of all states protect assets in a traditional IRA from bankruptcy.

Roth IRA: Some states have sufficiently broad statutes to protect assets in a Roth IRA. Which of course means that in some states assets in a Roth IRA are not protected from creditors. If you have a Roth IRA, check with an attorney or tax accountant familiar with the laws of your state.

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