To each his own.One of the benefits of IRAs and 401k plans that I haven't seen mentioned is that both plans are basically untouchable in the event of bankruptcy, lawsuits, etc.

This bucket is safe from lawsuits, protected from bankruptcy, and it also builds in there tax free!

LEADS, LEADS, LEADS.The daily court reporter in your county publishes a list of Divorce, Probate, Bankruptcy, Tax liens, evictions and foreclosure suits.  

Just to add to the conversation, does anyone know what a cram-down is in a loan in bankruptcy or court action?

Send mailers to Bankruptcy court listings 45.

I just filed bankruptcy;2.

Many things can happen prior to the trustee's sale, including a work-out, refinance, note sale, shortsale, white knight, deed in lieu, bankruptcy, etc..; so, I'd make some quick calls to see if the bank is interested in speaking with you about the asset.

It's possible I've just gotten good negotiators or asset managers, but my BoA short sales have actually been going quite smoothly recently.That said, historically they're very difficult, and we've been struggling with them over a bankruptcy issue for one of our sellers recently, and they are being ridiculously difficult.

If you look up most of the gurus, you'll find that those that didn't go to jail have been in bankruptcy, some have done both.

Is there a problem if they go into bankruptcy down the road?