How can I protect my 401K?

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How can I protect my 401K?

I have been laid off work for the past 11 months and I am behind on everything (I mean everything) How can I protect my 401k from creditors? No luck whatsoever with finding a new Job! Also, need the money for food and schools. Please, let me know!!

2007-06-17 06:30:08 · 3 answers · asked by God[Z]By 2 in Business & Finance ➔ Credit

3 answers

Your 401(k) is protected by law from ordinary creditors. However, once you pull the money from the account, it becomes fair game for any seizure or attachment.

2007-06-17 06:44:54 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

I've already lost everything, so I can't advise on how not to.

2007-06-17 06:33:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋

i'm sad to say that there is no for sure way to do this

2007-06-17 06:32:49 · answer #3 · answered by allaboutme 3 · 0⤊ 0⤋