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View Full Version : Can the IRS attach or garnish my IRA


Cordova
Aug 30, 2010, 04:09 PM
My creditor is a bank. I need to set up an IRA in order to roll over a retiree benefit lump sum. Can my creditor attach or garnish my savings in the form of an IRA?

stevetcg
Aug 31, 2010, 06:43 AM
Depends on what state you live in and the purpose of the garnishment (possibly)

ScottGem
Aug 31, 2010, 07:47 AM
In your subject you ask if the IRS can attach an IRA and the answer is generally yes.

But another creditor generally can't.