401k ira bankruptcy
Is it true you shouldn’t transfer your 401k from a previous employer into an IRA because IRA money is exposed?
because IRA money is completely exposed to lawsuits or bankruptcy or claims by greedy doctors and hospitals??
In other words, I heard that any money in 401k it completely off limits if you’re sued, or if you rack up huge medical bills, or any other liability. No one can ever touch 401k money. BUT, IRA money can be confiscated at will by any greedy lawyer or doctor or bankrupcy or any other parasite. Is this true? It’s critical for me to find out, not because i plan on being sued or sick any time, but i want my money to remain my money. And there are so many greedy parasites in this world these days.
Anybody can sue you for anything, but they only win if they can prove you legitimately owe them money.
So don’t screw anyone over, and your money will stay yours.
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