Additional Benefits of Retirement Accounts
Seniors know that retirement accounts come with great tax advantages, but they also come with successful ways in order to shield your assets. Individual retirement accounts, 401(k)s, IRA’s, and other types of tax-efficient plans can help you prevent the loss of your assets in case of a lawsuit.
At the federal level, the rules are pretty clear for 401(k) and employer-sponsored retirement accounts. State laws are more difficult when it comes to whether or not IRAs are a good option in case of a lawsuit.