Protection from Creditors and Bankruptcy
I have a client a single person working a beauty salon. She wants to set up a retirement plan. I talked with her account and he suggested a Roth something. Meaning a Roth IRA or Solo Roth 401k. My question is which Roth IRA or Solo will provide her with the most protection from creditors or bankruptcy?
Permalink Submitted by Alan - IRA critic on Mon, 2021-07-26 17:39
Creditor protection for both depends on the state she is in. A solo K plan benefiting only the owner or spouse does not receive ERISA federal creditor protection. What state is this?