901: Friday Q&A: Why You Should Maximize Tax-Deferred Plans, UTMA Accounts, Dividends on Whole Life, Asset Allocation, Business, Etc.
Radical Personal Finance
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The Asset Protection Benefits of Bankruptcy
If you don't have a specific and clear plan for the money, then I think you should put it into a retirement account. One of the biggest ones that I trumpet all the time is the asset protection benefits. And so if I could just get that money into the 401k, I've protected it even from bankruptcy. The tax laws are going to eventually change because that's what tax laws do.
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