Featured Jobs
|
DWC - The 401(k) Experts
|
|
Retirement Plan Onboarding Specialist Compass
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
MAP Retirement
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
PPS Pension Services
|
|
DWC - The 401(k) Experts
|
|
Frank Pension Consultants, Ltd.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Q&A Column: Retirement Accounts Protected by Bankruptcy Laws? Not Always.
The Christian Science Monitor 
Nov. 15, 2004
Excerpt: Q: Can the government touch your 401(k) if you owe taxes or file bankruptcy? A: It depends on which government. States do not have the same authority as the Internal Revenue Service to impound any part of a participant's account, says Ivory Johnson, a certified financial planner in Annapolis, Md. Since most 401(k)s are protected by ERISA Title I, a federal law that governs these plans, state governments cannot attach an account for taxes owed.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |