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Nothing they are exempt form seizure.

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16y ago

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Related Questions

In bankruptcy can they take your 401K or IRA?

No


Is a 401K affected by bankruptcy?

No. It is protected by law.


What kind of savings account is 401k?

A 401k is a retirement savings account which has very strict rules and regulations concerning deposits and withdrawals.


What makes ING 401k's better than others?

Having a 401k with ING enables you to borrow money from ING using your 401k savings as collateral. You still recieve the other benefits of a 401k such as defered tax free savings.


Are assets in a 401k protected if you file bankruptcy?

Yes.


Can I roll over my IRA to my 401K?

yes a 401k can always be rolled into your IRAs and other savings you may have.


401k and bankruptcy?

I believe new bankruptcy law exempts all retirement from being touch during bankruptcy so it should be safe


What will happen to my 401k when filing bankruptcy?

These assets should not be effected at all.


Can you withdraw 401k after discharge in bankruptcy?

The MAX amount you can draw is 300k.


What is a 401k savings plan?

a 401k plan is an life time money dealing plan you should have after you quit your job


When filing bankruptcy chapter 7 will they come after your 401k?

No. Never. It is exempt and protected.


What are the key differences between an employee savings plan and a 401k, and which one would be more beneficial for long-term retirement savings?

An employee savings plan is a general term for any employer-sponsored savings program, while a 401k is a specific type of retirement savings account. A 401k is typically more beneficial for long-term retirement savings because it allows employees to contribute pre-tax income and often includes employer matching contributions, which can help grow savings faster.