Can I avoid my Roth mutual fund account being declared inactive and the money being taken by the state of California if I am not depositing or withdrawing money from it?

Can I avoid my Roth mutual fund account being declared inactive and the money being taken by the state of California if I am not depositing or withdrawing money from it?

IRAs, Mutual Funds
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4 weeks ago

Your Roth IRA grows tax free as long as you have assets in your account. You may leave it, as is, to grow for life. You can leave amounts in your Roth IRA as long as you live. Additionally, one of the benefits of a Roth IRA is there is no required minimum distributions. So you will not be required to start taking withdrawals at the age of 70.5 like a traditional IRA would. You may, if you wish, make contributions to your Roth IRA after you reach 70.5 under certain guidelines. So the state of California, or any state, would not be entitled to your funds. 

Also, your heirs will receive your Roth IRA tax free. Keep in mind, that that under both federal and state laws, IRAs are often protected from creditors. However, these protections are not available when the creditor is the Internal Revenue Service. The IRS can levy against your IRA to satisfy outstanding federal tax obligations.

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