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Yeah yeah, I know the difference, I just read too quickly/wasn't thinking.

So do people agree with me that this 'hypothetical taxpayer' is better off declaring bankruptcy and pretty much going to any length to decrease his debt and avoid messing with retirement funds? Hardly my area of expertise, but it seems to me that you should protect your retirment savings/future at all cost. In fact didn't a recent ruling declare that 401(k)/IRA savings are prohibited from being collected due to suits or bankruptcy? Seems the courts and gov't very much want you to keep them too.
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