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Hoots : Are 401k and IRAs protected the same way during bankruptcy? I've heard that IRAs offer a better protection during bankruptcy but i can't find any information about it. - freshhoot.com

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Are 401k and IRAs protected the same way during bankruptcy?
I've heard that IRAs offer a better protection during bankruptcy but i can't find any information about it.


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According to this article, it seems like 401(k)s have unlimited protection, while IRA's have up to m in protection.

It seems like it's kind of complicated. If you are trying to protect more than ,000,000 in retirement assets during a personal bankrupcy, you can probably afford to have a good lawyer give you advice.


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