Do state laws affect my IRA differently than federal rules?
Yes — while IRAs follow federal IRS rules, each state has its own tax treatment, creditor protection, and inheritance laws.
For example:
- Some states fully protect IRAs from creditors, others have limits
- State income tax may apply to distributions, even if federal rules allow exemptions
Consult a CPA familiar with your state’s laws to understand how your Self-Directed IRA is treated locally.
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