Q: I have a client who is preparing to declare bankruptcy. He has asked me whether his 403(b) assets are protected in that bankruptcy. Are they?
A: Yes! The Bankruptcy Protections Act does protect retirement plan assets (and IRAs with certain conditions) from the bankruptcy of the participant.
A: Yes! The Bankruptcy Protections Act does protect retirement plan assets (and IRAs with certain conditions) from the bankruptcy of the participant.
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