answersLogoWhite

0

According to my financial planner, a 401k plan cannot be be touched in any debt judgment. However in case of divorce your spouse gets half. As for a standard IRA account I believe this holds true as well, but I would check with the plans administrator to be sure.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Can credit card company place a judgment on IRA retirement account in ny?

No..IRA or just about any qualified retirement account are free from judgments.


Can credit card company garnish state retirement check in Florida?

Credit card companies could not garnish a retirement account at one time in Florida.


What is the name of a high interest retirement account in Omaha, NE?

Omaha School Employees' Retirement Systems(OSERS) is the high interest retirement account in Omaha,NE, it gives a 2% credit by multiplying the years of retirement.


How can I find an IRA account?

You can find an IRA account by contacting financial institutions such as banks, credit unions, or brokerage firms. They can help you open an IRA account to save for retirement.


Can you explain what revenue credit is in a 401k plan?

Revenue credit in a 401k plan is the interest or earnings that are generated on the money in your account. This credit is based on the performance of the investments in your plan and can help your retirement savings grow over time.


What is a saver's credit when filing taxes?

The saver's credit is officially called The Credit for Qualified Retirement Savings Contributions. It is a federal tax credit for low and moderate income people who make a contribution to a retirement account such as an IRA, 401k, 403b, etc. Fill out Form 8880 to see if you are eligible: http://www.irs.gov/pub/irs-pdf/f8880.pdf


In a judgment can a creditor get the money from a California retirement account?

I am unable to pay my utilities and credit cards and was wondering when the creditors place a judgement on me if my retirement money can be taken, it would mean then not being able to pay mortgage


What is the minimum investment for Ira's and other retirement funds?

Depends. Many banks or credit unions will allow you to open an IRA account for as little as $100.


Where could I seek debt arbitration in Milwaukee, WI?

C Sc Credit Services provides debt arbitration services. It is located at Milwaukee, WI 53201


Where can I get an IRA?

You can open an Individual Retirement Account (IRA) at most financial institutions like banks, credit unions, brokerage firms, and online investment platforms.


Your credit report has two creditors with the same credit card number?

usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.


Do all credit cards have arbitration clauses?

Hard to say "all"...but they are very common.

Trending Questions
How do I file a trademark infringement lawsuit? Situation you are at an intersection The lights in front of you are red you are in the right turn lane There is no sign dictating yielding or anything else at all Is it legal to turn right? What do you need to do to get eloped in another state? After a relief of stay is granted to a mortgage company how long can you expect to stay in your home? How can you escape the law? Was Lizzie Borden a Christian? If you are parking facing downhill you should always turn your front wheels towards the sidewalk. The force of a moving object is called momentum. The momentum of an object is proportional to? Are there 2 deeds of trust and 2 notes on a reverse mortgage? How do you fight an affidavit of non-compliance for a bill? What was strom thurmond filibuster for? In Kentucky what is the law on signing your rights away and not paying child support? Which countries is euthanasia illegal in? Child support is based off of what? Can a person be charged twice for the same crime? My dad has recently passed away. 5 years ago he meantioned he has a lawyer that has his will but my dad never told me his name. how would i go about finding my dad's lawyer so i could get his will.? How fast is the speed limit in the US? What is an addition to a legal document called? What is the idea that judges should give decisions to lawmakers called? Can a mailcarrier go to prison for opening someones mail? What does 'to build a just and humane society' mean in the Preamble of the Filipino Constitution?