Government Take Over Of Your Retirement Accounts "Automicatic IRAs" government-mandated workplace retirement programs, Government Mandated retirement account ... ( read more )
LEARN MORE ABOUT: Retirement Planning
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Retirement accounts, such as IRAs, 401Ks, 403Bs, and 457s, are a great way for individuals to save for retirement. But could the government ever take over these accounts? The short answer is no. Under current law, the government cannot take over your retirement accounts. In fact, the government actually protects your retirement accounts from creditors, so even if you declare bankruptcy, your retirement accounts are safe. That said, there are a few scenarios where the government could potentially gain access to your retirement accounts. For example, if you owe back taxes to the government, the IRS can s...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)