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Are assets in a 401k in Florida protected from a foreclosure sale?
Yes
Is a 401K the same as an IRA?
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Can I rollover my 401k to an IRA?
Yes, you can rollover your 401k to an IRA.
Can you rollover your 401k to an IRA?
Yes, you can rollover your 401k to an IRA.
Is an IRA protected under chapter 7 Like a 401K is protected when filing chapter 7?
all ERISA qualified retirement plans are protected from creditors in a BK.
Can I roll over my 401k to an IRA?
Yes, you can roll over your 401k to an IRA.
Can I rollover my 401k to a traditional IRA?
Yes, you can rollover your 401k to a traditional IRA.
Can I rollover my 401k to an existing IRA?
Yes, you can rollover your 401k to an existing IRA.
Can you roll a Roth IRA into a 401k?
No, you cannot roll a Roth IRA into a 401k.
Can you roll over your 401k to an IRA?
Yes, you can roll over your 401k to an IRA.
How is the 401k different from the Roth ira?
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
Can foreclosure take a 401K?
Not directly. However, if there is a balance owed on the mortgage once the property has been sold, it is possible in some states for a judgment creditor to seize monies from the account. Please keep in mind that 401K is better protected from creditor judgment by ERISA than an IRA which makes it unlikely that seizure action would occur.
