Can A Qualified Retirement Plan Provide Protection From The Claims Of Creditors?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   There may be general protections, but a divorce decree or qualified domestic relations order could effect the division of retirement assets. The Internal Revenue Service under IRC Section 6331 has the authority to seize retirement accounts to satisfy federal taxes owed by a plan participant in specific scenarios. 
    
    
    

   Answered on September 8, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.