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might need to bankrupt. can i put assets in roth ira to keep them?

smithsussane · Posted: Sun Mar 29, 2009 7:27 pm Post subject:

Hi marylou!

Welcome to forums!

As far as I know, traditional and Roth IRA assets are excluded up to a limit of $1 million. But it may be considered as a fraud if you sell your property just to save it from being liquidated by the bankruptcy trustee. I would suggest you to contact your bankruptcy attorney and take his opinion in this issue.

Feel free to ask if you have further queries.

Sussane

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sell house to roth ira and pay it rent?