Learn more about how to protect your self-directed IRA for bankruptcy: - The 2005 Bankruptcy Abuse and Protection Consumer Act (BAPCA) will protect your IRA if it's valued under a specific amount. However, you will only receive protection if your state of residency opted into the BAPCA Act. Inherited IRAs typically are not protected under the act, and you may be subject to creditor attack. Discover more videos by IRA Financial: - Subscribe to our channel: - Adam Bergman founded IRA Financial Group and IRA Financial Trust. Prior, he was a tax attorney at some of the largest law firms in the country, including White & Case LLP. He’s written 7 books on the taxation of Self-Directed IRA and 401(k) plans and is a frequent contributor to Forbes.com as well as a member of the Forbes Finance Council. IRAFG was founded to help educate Americans about self-directed retirement investments, empowering them to gain control over their funds. - FOLLOW US! ... ( read mor
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