A free guide for Minnesota residents. Filed in D. Minn..
Yes -- ERISA-qualified retirement accounts (401k, 403b, pensions) are 100% exempt under federal law, regardless of value. This is one of the strongest protections in bankruptcy. Traditional and Roth IRAs are exempt up to $1,512,350 (adjusted periodically). SEP-IRAs and SIMPLE IRAs get the same ERISA protection as 401k plans. Your retirement savings are safe.
In Minnesota: Minnesota provides generous retirement protection beyond federal ERISA.
Courthouse: 316 N Robert St, St Paul MN.
Yes -- ERISA-qualified retirement accounts (401k, 403b, pensions) are 100% exempt under federal law, regardless of value. This is one of the strongest protections in bankruptcy. Traditional and Roth IRAs are exempt up to $1,512,350 (adjusted periodically). SEP-IRAs and SIMPLE IRAs get the same ERISA protection as 401k plans. Your retirement savings are safe.
Minnesota provides generous retirement protection beyond federal ERISA. Filed in D. Minn.. Consult a qualified attorney for your specific situation.
316 N Robert St, St Paul MN.
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