Remaining IRA Funds Still Exempt?

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Yahoo Bot
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Funds in an IRA are always exempt.- John D. Faucher818/889-8080
On Wednesday, March 16, 2016 4:27 PM, "tysonlawfirm@yahoo.com [cdcbaa]" wrote:
PC is 71 years old and recently used $50k of his $140k IRA to purchase a manufactured home. Does anyone know definitely if he can exempt the remaining $90k of his IRA Funds? I have encountered a few Ch. 7 trustees who ask whether debtors have withdrawn funds from their IRAs. #yiv040
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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


The Debtor must withdraw funds starting 70 so this is different than just a debtor withdrawing funds.

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