N.M. Admin. Code § 8.243.500.13 - RESOURCE EXCLUSIONS
Specified types of resources are excluded from the calculation of countable resources as described in 8.215.500.14 NMAC as follows:
A.
Retirement
funds: Internal revenue service-recognized retirement fund accounts are
excludable resources in the eligibility determination so long as funds are not
withdrawn from the account.
B.
Examples of such retirement fund accounts include: PERA, ERA, an employer's
qualifying pension plan, 401(k) plan, civil service annuity, IRA, Roth IRA,
KEOUGH plan, etc.
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