Concerned about my ROTH after Bankruptcy

iVillage Member
Registered: 04-08-2003
Concerned about my ROTH after Bankruptcy
1
Fri, 09-18-2009 - 10:45am

I just got a notice from USAA stating that they have changed their policy to the following:

"We changed the Agreement to reflect that we may charge your Bank account or accounts that you own with our affiliates, including, but not limited to USAA Investment Management Company and USAA Life Insurance Company, for amounts you owe to the Bank."

Can they go back now and take money from my ROTH IRA to cover the money they lost from me in my bankruptcy a year ago? I thought that was protected under the bankruptcy. I have already been discharged...are my investments safe or should I move them?

a panicked samey

Community Leader
Registered: 07-26-1999
Fri, 09-18-2009 - 3:33pm

Samey, we got that same notice from USAA.

Photobucket