Do IRA and 401K Differ in Terms of Creditor Protection?
Both IRA and 401K are what’s called Qualified Accounts. Qualified Accounts have no Medicaid/Long-term Care protection. If you were to need Nursing Home Care, anything inside your IRA or 401k would have to be spend down, whether it’s in your name or in your spouse’s name. They are both countable assets, meaning they count towards… Read more »