![Creditor Protection for IRAs Creditor Protection for IRAs](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltba6f01651c440c70/6733f754b3aa2f5b3ffec3fe/creditor-protection-595x335.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
For many individuals, qualified retirement assets, including individual retirement accounts, represent a substantial portion of their wealth. It’s estimated that approximately $17 trillion is currently held in retirement accounts in the United States.1 The benefits afforded by allowing assets to grow in a tax-deferred environment can give rise to tremendous wealth accumulation during the owner’s life and, if structured properly, to the owner’s family. These facts, combined with the litigious nature of our society, highlight the importance of protecting retirement assets from creditors. Fortunately, there’s a level of creditor protection available to IRAs.
Bankruptcy
On April 20, 2005, then-President Bush signed into law the Bankruptcy Ab...
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