I just retired and need to rollover my pension into a rollover IRA. My current objective is asset protection and exemption from BK 7.
I'm rolling over my pension into a rollover IRA. On the application, I indicated that "I will primarily use my IRA account to: Buy, hold, and occasionally trade stocks, mutual funds, ETFs or bonds"
Would my pension proceed that I rolled over into my IRA account be still protected if the contents of the account are stocks, mutual funds, cash or other instruments that are not usually exempt in Chapter 7 bankruptcy?
I'm hoping that this IRA account would be exempt in Chapter 7 BK or protected from judgement levy. What do I need to make sure that this account would accomplish my objectives?