Q: Is my house, IRA, and 401K safe from an auto accident lawsuit?
I'm recently retired. Most of my assets are tied up in my house
which still has a mortgage and my IRAs and 401K. Would these
assets be safe from a lawsuit in the case of an auto accident?
A:
generally yes, but if you are concerned talk to your insurance rep about getting larger coverage and perhaps an "umbrella" that provides coverage for vehicle crashes.
Cheapest coverage deal for YOU in mnany states is un & under inusred (UI/UIM) and "stacking" if your state has it.
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