Can Annuities Protect Your Assets from Creditors and Lawsuits?
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Can Annuities Protect Your Assets from Creditors and Lawsuits?
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About this listen
In this episode, Marty Becker explores a powerful but often overlooked benefit of annuities—asset protection. After a conversation with an estate planning attorney from Florida, Marty breaks down how annuities can shield your non-qualified (after-tax) assets from legal threats, and why protection levels vary dramatically by state.
You'll discover which states offer unlimited protection (like Florida and Texas), which provide limited or conditional coverage, and how to strategically use annuities as a legal shield for your retirement savings. If you have substantial assets outside of your IRA or 401(k), this episode reveals an important protection strategy that many retirees overlook.
Key Topics Covered:
- Why IRA money is already protected under ERISA
- How non-qualified assets are vulnerable to creditors
- Three categories of state annuity protection laws
- Which states offer the strongest asset protection
- Real-world example from an estate planning attorney
- Strategic considerations for high-net-worth retirees
Whether you're a business owner, professional, or simply want to protect what you've worked hard to build, this episode provides crucial insights into using annuities as financial armor.