No. of Recommendations: 0
I was told by one (and only one) financial planner that I should not co-mingle my retirement lump sum with any other tax deferred monies. The reason, he said, is in the case of a law suit, retirement monies cannot be attached by any court order while all other monies can. He gave the example of O.J. Simpson. If he had co-mingled his funds, he would have had everything taken away.

While I am not likely to be sued, it can happen to anyone. Has anyone heard of this? Is it anything to be concerned about?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.