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Remaining IRA Funds Still Exempt?

Posted: Wed Mar 16, 2016 4:34 pm
by Yahoo Bot

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 I have encountered a few Ch. 7 trustees who ask whether debtors have withdrawn funds from their IRAs.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
The post was migrated from Yahoo.

Remaining IRA Funds Still Exempt?

Posted: Wed Mar 16, 2016 4:34 pm
by Yahoo Bot

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

The post was migrated from Yahoo.