MONEY talks

Jones, Dan
December 2005
PN;Dec2005, Vol. 59 Issue 12, p44
Trade Publication
This article presents information on retirement plans in the U.S. As one plans for retirement or if one has a long-term disability you may be counting on an employer-sponsored qualified retirement plan such as pension, profit-sharing, 401(k), or 403(B). Or, perhaps one is relying on his traditional or Roth Individual Retirement Account (IRA). Someone else may be counting on those assets, too. It would be nice to know if they can get to retirement savings. Upto now, a qualified plan accounts find creditor protection in federal law and are generally fully protected--no matter how large. The IRAs, however, find their protection in state law. Unfortunately, many states do not fully protect IRAs.


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