A:

Your IRA is protected from bankruptcy up to $1 million. However, in all other cases, state law determines whether any protection exists and the level of protection.

It is best to consult with a local attorney to determine the types of protection offered in your state.

To learn more, see Bankruptcy Protection For Your Accounts and Build A Wall Around Your Assets.

Question answered by Denise Appleby, CISP, CRC, CRPS, CRSP, APA

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