Can Creditors Reach Retirement Plans in South Carolina?

Asset Protection for Retirement Plans in South Carolina …. Everything you need to know in only 1 page ! Unlike most other assets, retirement plans are heavily protected in South Carolina. An IRA is currently protected up to nearly $1.3Million. 401(k)s and similar plans are even more protected, with the primary exception creditors being the IRS or a former spouse. 401(k)s An important consideration to bear in mind is if you roll-over a 401(k) to a new IRA, those funds should still receive the same protection that was provided when they were in the 401(k). Rolling over a 401(k) into an existing IRA probably negates that superior protection. Some clients whose plans are well below the thresh

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