Q&A: Assets protected with 401(K)

May 7, 2010

If risk of lawsuits is significant and if you have a large balance, you may be better off leaving your money in a 401(K) plan as long as it covers employees.

Q: Is there a difference with regard to the level of asset protection in the traditional versus Roth IRA or 401(k)-for example, if a physician were to be sued personally? I practice in Georgia.

A: If the risk of lawsuits is significant and if you have a large balance, you may be better off leaving your money in a 401(k) plan as long as it covers