USA which retirement plans are protected from collection action

[Rena]

Hi, does anyone know if the collection action can be attached to Roth IRA, SEP IRA or traditional IRA? Thank you in advance.

 

[kirby]

Depends on state you are in and can depend if collection action is by Feds for fed taxes or by a creditor. Also depends if you filed for bankruptcy. This info below is general info for Calif only, as an example. Because it depends on so many things, I suggest you consult a lawyer.

Can Judgment Creditors Go After My Retirement Accounts?

Your ERISA-qualified retirement accounts are generally safe from judgment creditors. But other accounts may not be.

www.nolo.com

 

[Rena]

Thank you for the reply.