Posted on: 29th Mar, 2009 06:57 am
might need to bankrupt. can i put assets in roth ira to keep them?
Hi marylou!
Welcome to forums!
As far as I know, traditional and Roth IRA assets are excluded up to a limit of $1 million. But it may be considered as a fraud if you sell your property just to save it from being liquidated by the bankruptcy trustee. I would suggest you to contact your bankruptcy attorney and take his opinion in this issue.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As far as I know, traditional and Roth IRA assets are excluded up to a limit of $1 million. But it may be considered as a fraud if you sell your property just to save it from being liquidated by the bankruptcy trustee. I would suggest you to contact your bankruptcy attorney and take his opinion in this issue.
Feel free to ask if you have further queries.
Sussane