I think you will be ok because those funds should not be subject to debt collection. You have to pay the IRS, but the Bank of America loan, even if they get a judgment against you, they would not be able to touch, his IRA or Social Security. Take a look at this link:
Please let me know if you have any additional questions. I would be happy to answer them for you without additional charge, if not, please do not forget to click ACCEPT. That is the only way that I can get paid a small percentage of your deposit. If you do not click accept, the website gets all of your deposit and I get nothing. When you click accept, you are not charged again and we can continue to communicate without additional charge if you have a few follow-up questions. If you would like to request me in the future, just put my name on the subject line. Positive feedback for my service to you (not the state of the law as it is) is always appreciated as well as any bonus if you think I deserve it. Thank you.
We have $35,000 in our checking account in Fl. as he only recieves a check once a year, this money has to last us thru next January.From that account is what I pay all our bills:other credit cards including the IRS.
We have a checking account in Honduras and we normally tranfer money from the States to cover our living expenses.