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Will My 401(k) Be Safe in a Debt Management Program? – Joan

“Dear Steve,

f I enter a debt management program will my 401K savings be safe from creditors or anyone forcing me to withdraw any funds to pay on my debts? Do I even have to tell anyone I have a 401K?


Dear Joan,

If you click here for credit counseling information and enter a debt management program like this one and can make the monthly payment this credit counseling groups gives you there would be no reason for a creditor to come after you at all.

But even in bankruptcy, a 401(k) retirement account is off limits from creditors.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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