Retirement Plans Offered Protection Under New Bankruptcy Laws

If you are thinking about filing for bankruptcy because of extreme financial difficulty, you should know that your retirement assets are offered some protection under the new bankruptcy reform. While IRAs are given a limited amount of protection, your assets held in some work-related plans are given full bankruptcy protection. In addition, any further rollovers from these exempted plans into existing IRA accounts are likewise protected.

Calculate My FREE Annuity Quote Now!



  • Optional: For a 2-person annuity (joint lives)

No agent will call you

Your privacy is guaranteed.
Find advanced calculator options here.

Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)

In order to protect additional retirement assets from a declaration of bankruptcy, you might be required to demonstrate that the assets meet certain guidelines established by the bankruptcy reform laws. For example, to protect additional retirement funds, you might be asked to show that (1) the funds are in compliance with IRS codes and that (2) if they are not in compliance, you are not responsible for the compliance failure.

Testimonial Image
Just bought my first SMA and was very happy to have gone through Immediate Annuities.com. I found them in an article in the Wall Street Journal. As a first time buyer, I had a lot of questions. But to their credit, they did a great job answering my questions directly or getting the right answers from the right people when they needed to.
Allen Boaman
Read 200+ verified reviews

We'd love to hear from you!

Please post your comment or question. It's completely safe – we never publish your email address.

Add a new comment:(Allowed tags: <b><i><br>)


Comments (0)