Can someone pls tell me if creditor (private) can legally go after my IRA accounts in the event that I have some debts pending and I can't pay for them?What about the IRS? can they go after my IRA to collect their debt?
The IRS can go after IRA accounts, but as a matter factthey rarely choose to. As far as creditors are concerned, they are governed by state law for the most part and chances of success will vary with location. Bankruptcy courts also can tap into IRA accounts butrarely do. - - Matthew
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