Are Retirement Funds Protected from Lawsuits?

[Anonymous]

Anonymous wrote:

Anonymous wrote:To OP: I was on a jury for a minor fender bender. It took three days. The jury mostly was extremely disgruntled because they thought no way this case should have seen the inside of a courtroom, let alone take up that amount of time clogging up the courts. We had a couple of jurors, however, who were sympathetic to the claim of whiplash, which oddly required a lot of dental work.

Lawyers for both sides were terrible. We had jurors who wanted to reward nothing. As a compromise, we requested an adding machine and added up all the medical bills submitted. We rewarded that exact amount down to the penny. Around $10,000 as I recall.

No big bucks.

OP here. Thanks....glad to hear it. These frivolous lawsuits are driving up the premiums and rewarding schemers.

My brother actually was seriously injured in an accident, eventually ended up needing two discs removed from his neck. Up to this point, he has been awarded enough to cover his actual medical expenses and lost wages as he works a physical job and had to take time off both before and after the surgery due to being unable to perform his job duties and his lawyer took a cut of it. I'm not sure he's going to get more, so he's actually out money because replacing his car was way more $$ than the insurance totaled his old one out for. He's reached the limits of the policy just on actual costs of the woman at fault and she is judgment proof.

[Anonymous]

The answer is Yes and No.

Yes they are protected in Bankruptcy. And have protections in lawsuits. But if you have a huge judgement against you and you are age of mandatory withdrawals you may get hit