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Questions tagged [asset-protection]

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In specie transfer and out of market protection for pension provider changes in the UK

A friend is looking at moving a pension to a new provider. After some research it turns out that an in specie transfer is not available and she could be "out of the market" for anything ...
Peter Rhodes's user avatar
28 votes
5 answers

Can I create an LLC to put my assets into it in case I am personally sued

This is kind of the reverse of what typically people do. Typically an LLC is created to protect the owner's assets if the LLC is sued. I'm looking at it in the reverse order. If I put my money into ...
Dale's user avatar
  • 381
3 votes
1 answer

Are employee (NOT employer) contributions to a 401(k) ERISA-protected?

Say you work for a business that offers 401(k) plan. Investopedia says: Under the Employment Retirement Income Security Act of 1974 (ERISA), the funds in your 401(k) only legally belong to you once ...
user541686's user avatar
  • 3,369
21 votes
5 answers

Why don't most people file Chapter 7 every 8 years?

Please explain to me why more people don't follow a formula like this: Converting all their assets into exempted assets (for which there are tons of options, regardless of your state -- ERISA-...
SAH's user avatar
  • 353
0 votes
1 answer

Update on peer-to-peer lending sites - buyback guarantee and secondary market

I read several questions about peer-to-peer lending that were asked something like 5 years ago. I just started investing in two sites (A and B from Riga, Latvia). Apparently p2p investing today 2015/...
Richi W's user avatar
  • 109
3 votes
3 answers

What is the optimum way to draw money from your retirement nest egg

Let us say I have put away a nest egg like this (all numbers in CAD): Cash/GIC : 100,000$ Stocks/ETF: 100,000$ Bonds:100,000$ REIT: 50,000 Own rental property : 200,000 Let us say, I wish to retire ...
Victor123's user avatar
  • 16k
10 votes
3 answers

Money Market Account

What is a Money Market account and what is its function? How does a money market work and can it protect large amounts of money? I want to protect my money and the FDIC only protect up to $250k. I don'...
user15074's user avatar
  • 101
8 votes
3 answers

When to swap from 50k/100k/50k auto policy to something higher, 100k/300k/50k or more?

In the course of adding myself to my girlfriend's renters insurance, it came to light that I still had 50k/100k/50k liability (50k individual, 100k total over accident, 50k property). This is ...
Glorified Plumber's user avatar
7 votes
3 answers

How many assets do you need before you should buy an umbrella insurance policy?

I've heard of umbrella policies before and I've seen some questions about them on the site, but I don't know how many assets you need before an umbrella policy is worth it. Does $50K of assets ...
Alex B's user avatar
  • 17.4k
3 votes
1 answer

Asset protection: When should an individual seriously consider shielding their assets?

I keep hearing people talking about asset protection, and that in any serious business venture you're bound to get sued. Due to limited resources, people are bound to delay their protection strategies ...
triforcelink's user avatar