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?
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?
Depends on what state you live in and the purpose of the garnishment (possibly)
In your subject you ask if the IRS can attach an IRA and the answer is generally yes.
But another creditor generally can't.
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