Tag Archives: IRA and bankruptcy

Bankruptcy Protection for IRAs, IRA LLC

IRA funds (Traditional and Roth) are partially protected in bankruptcy–currently, the cap is $1,362,800 and this amount is adjusted for inflation every three years and is based on the Consumer Price Index (CPI). The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides protection for IRA assets. Quick Fact 1: SEP, SIMPLE IRA, and […]