In general, your IRA is protected in the event of bankruptcy, however, it depends on the individual state regulations on how much protection would be afforded to you. For example in Arizona, your IRA would be protected from creditors in the event of bankruptcy. Since your email did not indicate what state you reside in, you would have to check with Consumer Credit Counseling or a bankruptcy attorney in your state.

Further, the "homestead exemption" affords protection in the event of bankruptcy as well. This is regulated by each state but in Arizona, it is limited to $100,000 in equity in your home whereas in Florida it is unlimited.