2 ms·

One point I don't see mentioned is that in most cases, 401(k)'s are protected during bankruptcy. https://www.nolo.com/legal-encyclopedia/retirement-plan-bankru

• mox1 6y ago
  Not just during bankruptcy, but overall a 401(k) and similar retirement plans that fall under ERISA* rules are pretty heavily protected from creditors (besides the IRS). Something to consider if you plan on going into a risky area of business in the future. 1. Retirement accounts that qualify under the Employee Retirement Income Security Act (ERISA) are generally protected from creditors, bankruptcy proceedings and civil lawsuits.