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I believe 401k is protected. However, any unprotected assets such as 2nd homes, brokerage accounts, etc. could be vulnerable. Assuming the injured party has retained counsel, an asset search was made. And if he/she/they have counsel, you probably do, too. Ask your lawyer, or get one. If the claim is against an auto or homeowner's policy, the insurance company provides an attorney at no cost to you. That attorney, however, really does work for you and will protect your interests.

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Q: If your liability limits are exceeded can they go after your 401k?
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Can you have a 401K and an IRA?

You can have as many 401k plans and IRA's as you would like. However, to have a 401k plan, it has to be through your employer, and there are limits to what you can put in. With an IRA, you can have several of them but there really isn't much of a point as it will just confuse your financial plan. A good tool to lump all of your assets together to see how they could perform can be found at: erollover.com/go/managemr1


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Not unless you change the policy coverage (as in by reducing it from comprehensive to liability, or lowering the limits, or raising the deductible).


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How would one go about getting a fidelity 401k?

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Is exceeded an adjective?

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What do you mean by the word exceeded?

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