I owe money to credit cards and collection agencies, if I start a mutual fund or ira could they take that m?

I want to plan for retirement. I do owe money to credit card companies. So if I open an ira or mutual fund, can they get access to that money and take it?

no they can't, they first have to obtain a judgement in court,
then you will have the option of paying or not. The only exception I am aware of is in NY state, they have what is called a "SEWERS LIEN", some lawyers are good at it so beware

If they sue you, yes. By the way, if you incur a debt you should pay it. You bought things using their money, now you don't pay them? If you have money to stick into retirement funds, you have money to pay your credit cards off. You should do that first.

You need to take care of your obligations now. And if you have anything left over after all your debts, then put it in an IRA. But you debt should take priority. Obviously you haven't figured that out yet.

Pay your debts first.

Yes they can. Pay your debts and THEN start saving for retirement. It is never too late to live honestly...

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