Originally Posted by Allegany
I have a 401 k at TRP and I'm thinking of moving it to an IRA at Vanguard. I live in NY and was wondering what the laws are if you should get sued. I've heard that a 401k cannot be touched as part of a settlement but that an IRA is fair game. Does anyone have any insite on this.
This has been discussed here before, usually pointing to this section from Bogleheads: Asset protection - Bogleheads
If I move the 401k to an IRA at Vanguard any thoughts on where to put the proceeds? The account has a value of .5 mil and I'm 60. Any thought's or guidance would be appreciated
At that level ($500K), you should qualify for Vanguard's Voyager Select Service
, which would get you a few extra perks, including some advice from Vanguard on where to put the proceeds. https://personal.vanguard.com/us/wha...vices/flagship
Can't hurt to listen to what they have to say, look into it further, and decide for yourself if it makes good sense for you