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    noura1's Avatar
    noura1 Posts: 7, Reputation: 1
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    #1

    Feb 3, 2010, 10:34 AM
    Can IRA be garished in Texas
    Resident of Texas retired since 2 years. Can credit card garnish my IRA.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 3, 2010, 11:24 AM

    If you have declared bankruptcy, then your IRA is protected by federal law up to $1M (or more, if it's a rollover IRA from a qualified retirement plan).

    If you have not declared bankruptcy then state law applies. Here's a site that suggests that in TX IRA accounts are protected: Bankruptcy Exemptions However, I suspect that any distributions you take from your IRA would be fair game for creditors.
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