IRA & Funding IRA with Credit Card
My accountant suggested my partner and myself to open up an IRA account to help with our taxes. And she suggested looking into IRA accounts with our current checking accounts banks, as some banks waive fees for existing account holders. Ex: Chase, TD Bank But is your IRA account protected from creditors like the 401K would be in your current state of residency? I'm in NY: http://www.nolo.com/legal-encyclopedia/can-judgment-creditors-go-after-my-retirement-accounts-new-york.html# ... so check your state law! And also search reasons not to rollover funds from 401K. FYI... After much browsing online..... the idea sprung.... to provide contribution to IRA account by credit and earn rewards, new card bonuses. So far I've only seen one site post on how to do this.... http://saverocity.com/finance/how-to-fund-an-ira-with-a-credit-card-make-huge-profit-process/ ...