401Ks Protected

Are 401ks protected in bankruptcy?

Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy.  The bankruptcy code has 2 different key sections that will protect your 401k funds. The first section is 541 of the bankruptcy code.  Under section 541, if there are restrictions on the ability of a beneficiary Read more about Are 401ks protected in bankruptcy?[…]

Self directed IRA prohibited transaction rule gotchyas

Was reading a case today where the Department of Labor was saying an individual violated his fiduciary responsibilities by amongst other things, loaning money to his employees.  Appears the guy even went to jail for all the stuff he was doing with the retirement plan. I like to think I know the prohibited transaction rules Read more about Self directed IRA prohibited transaction rule gotchyas[…]