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    Cordova's Avatar
    Cordova Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 30, 2010, 04:09 PM
    Can the IRS attach or garnish my 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?
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
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    #2

    Aug 31, 2010, 06:43 AM

    Depends on what state you live in and the purpose of the garnishment (possibly)
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    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.

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