Protecting Retirement Accounts from Creditors

Degrees of legal protection differ for 401(k)s and IRAs.

(Image credit: Gary Burchell)

With debt burdening many Americans, preretirees and retirees should understand the creditor protections for retirement accounts before raiding those accounts through loans or withdrawals. Those protections can help preserve hard-earned savings even after suffering a tough financial squeeze.

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report