IRA Protection by State – Alper Law

Alabama Ala. Code §19-3B-508 Yes Yes No additional restrictions. Alaska Alaska Stat. §09.38.017 Yes Yes Contributions within 120 days before bankruptcy are not exempt. Arizona Ariz. Rev. Stat. §33-1126(B) Yes Yes QDRO claims not exempt; contributions within 120 days before bankruptcy are not exempt. Arkansas Ark. Code §16-66-220 Yes Yes A bankruptcy court ruled the exemption unconstitutional for contract claims. California Cal. Code of Civ. Proc. §704.115 Partly No Only exempt to the extent necessary for retirement support. Colorado Colo. Rev. Stat. §13-54-102 Yes Yes Subject to child support and felonious killing claims. Connecticut Conn. Gen. Stat. §52-321a Yes Yes No restrictions. Delaware Del. Code Ann. tit. 10, §4915 Yes Yes Not exempt from domestic relations claims. Florida Fla. Stat. §222.21 Yes Yes Inherited IRAs protected; subject to QDRO and elective share claims. Georgia Ga. Code §44-13-100 Yes No Exempt only to the extent necessary for debtor support. Hawaii Haw. Rev. Stat. §651-124 Yes Yes Contributions within 3 years before bankruptcy are not exempt. Idaho Idaho Code §55-1011 Yes Yes Applies only to claims from negligence or wrongful acts. Illinois 735 Ill. Comp. Stat. 5/12-1006 Yes Yes No restrictions. Indiana Ind. Code §34-55-10-2(6) Yes Yes No restrictions. Iowa Iowa Code §627.6(8) Yes Yes No restrictions. Kansas Kan. Stat. §60-2308 Yes Yes No restrictions. Kentucky Ky. Rev. Stat. §427.150(2)(f) Yes Yes Exempt unless contributed within 120 days of bankruptcy or subject to child support claims. Louisiana La. Rev. Stat. §§20-33(1), 13-3881(D) Yes Yes Contributions made within 1 year of bankruptcy are not exempt. Maine Me. Rev. Stat. tit. 14, §4422(13)(F) Partly No Exempt only up to $15,000 or as necessary for debtor support. Maryland Md. Code Cts. & Jud. Proc. §11-504(h) Yes Yes Exempt from all claims except health department debts. Massachusetts Mass. Gen. Laws ch. 235, §34A Yes Yes Not exempt from divorce, child support, or crime-related restitution. Michigan Mich. Comp. Laws §600.6023(j) Yes Yes Not exempt for contributions within 120 days of bankruptcy or family court orders. Minnesota Minn. Stat. §550.37(24) Yes Yes Exempt up to $69,000, with additional protection if necessary for debtor support. Mississippi Miss. Code §85-3-1 Yes No No additional restrictions. Missouri Mo. Rev. Stat. §513.430.1 Yes Yes No exemption for fraudulent transfers made within 3 years of bankruptcy. Montana Mont. Code §31-2-106(3) Yes Yes Contributions exceeding 15% of gross income within a year of bankruptcy are not exempt. Nebraska Neb. Rev. Stat. §25-1563.01 Partly No Exempt only if necessary for debtor support. Nevada Nev. Rev. Stat. §21.090(1)(r) Yes Yes Exempt up to $500,000 per account. New Hampshire N.H. Rev. Stat. §511:2 Yes Yes Applies only to debts incurred after 1999. New Jersey N.J. Stat. §25:2-1(b) Yes Yes No restrictions. New Mexico N.M. Stat. §§42-10-1, -2 Yes Yes Fully protected from creditors. New York N.Y. C.P.L.R. 5205(c) Yes Yes Contributions within 90 days before judgment are not exempt. North Carolina N.C. Gen. Stat. §1C-1601(a)(9) Yes Yes Specific protection for inherited IRAs. North Dakota N.D. Cent. Code §28-22-03.1(7) Yes Yes Exempt up to $100,000 per account, with $200,000 total cap. Ohio Ohio Rev. Code §2329.66(A)(10) Yes Yes SEPs and SIMPLE IRAs are not exempt. Oklahoma Okla. Stat. tit. 31, §1(A)(20) Yes Yes No restrictions. Oregon Or. Rev. Stat. §18.358 Yes Yes No restrictions. Pennsylvania 42 Pa. Cons. Stat. §8124(b)(1)(ix) Yes Yes Contributions within 1 year of bankruptcy exceeding $15,000 are not exempt. Rhode Island R.I. Gen. Laws §9-26-4(11) Yes Yes Not exempt from divorce or child support orders. South Carolina S.C. Code §15-41-30 Yes Yes Specific protection for inherited IRAs. South Dakota S.D. Codified Laws 43-45-16 Yes Yes Exempt up to $1 million. Tennessee Tenn. Code §26-2-105 Yes Yes Not exempt from QDROs. Texas Tex. Prop. Code §42.0021 Yes Yes Specific protection for inherited IRAs. Utah Utah Code §78-23-5(1)(a)(xiv) Yes Yes Contributions within 1 year before bankruptcy are not exempt. Vermont Vt. Stat. tit. 12, §2740(16) Yes Yes Non-deductible traditional IRA contributions are not exempt. Virginia Va. Code §34-34 Yes Yes Exempt except for child/spousal support. Washington Wash. Rev. Code §6.15.020 Yes Yes No restrictions. West Virginia W.Va. Code §38-10-4 Yes No No additional restrictions. Wisconsin Wis. Stat. §815.18(3)(j) Yes Yes Not exempt from family court orders. Wyoming Wyo. Stat. §1-20-110 Partly Partly Exempt only for solvent contributions.