mixman55 Posted March 29, 2007 Report Share Posted March 29, 2007 I tried doing a search on this, but I couldn't find a clear answer.Can the credit card companies and/or collection agencies go after your IRA account??? I live in California...Thanks in advance... Link to comment Share on other sites More sharing options...
mcck Posted March 29, 2007 Report Share Posted March 29, 2007 No they cannot. If you look some posting that Metthus has done, he has a large posting and he references the law that CAs cannot touch tax deferred accounts like 401k, IRA, 529 plans, etc. Link to comment Share on other sites More sharing options...
AISLE4 Posted March 29, 2007 Report Share Posted March 29, 2007 ...unless it is business debt. Link to comment Share on other sites More sharing options...
unusualsuspect Posted March 30, 2007 Report Share Posted March 30, 2007 Due to clauses in the ERISA act, any retirement accounts are untouchable. Link to comment Share on other sites More sharing options...
walterg55 Posted March 30, 2007 Report Share Posted March 30, 2007 They can get an order to attach any distributions you might be taking. The firm holding the IRA will generall comply with a court order for information on distributions or attachment. Link to comment Share on other sites More sharing options...
unusualsuspect Posted March 30, 2007 Report Share Posted March 30, 2007 They can get an order to attach any distributions you might be taking. The firm holding the IRA will generall comply with a court order for information on distributions or attachment.If you are not taking any distributions, then you have nothing to worry about. Link to comment Share on other sites More sharing options...
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