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  1. #1
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    Default Lawsuits and retirement accounts

    If I get sued for whatever reason, are my retirement accounts at risk? If so, is there any insurance to protect me against that?

  2. #2
    Join Date
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    Default Re: Lawsuits and retirement accounts

    Quote Quoting howardg22
    If I get sued for whatever reason, are my retirement accounts at risk?
    Most retirement accounts are shielded from creditors. The protections are greater for qualified plans, and are lesser for IRA's - so the specific answer varies depending upon how your retirement accounts are structured.

    Quote Quoting howardg22
    If so, is there any insurance to protect me against that?
    Liability insurance for... whatever risk you believe you may have for being sued. Car insurance for your car. Homeowner's insurance for your house. Business insurance for your business. Malpractice insurance if you are a professional. Etc.

    With a broad umbrella policy "just in case".

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