Archive for August, 2009
Patricia asked:
I am drowning a small mountain of debt, 40K and the monthly payments are killing my budget. 1500.00 per month. At this rate, i figure it will take me a while to pay it off, so i thought a loan from my 401K with much lower interest would help, but it kills my compounding balance with my 401K….
Margarito Blancarte
I am drowning a small mountain of debt, 40K and the monthly payments are killing my budget. 1500.00 per month. At this rate, i figure it will take me a while to pay it off, so i thought a loan from my 401K with much lower interest would help, but it kills my compounding balance with my 401K….
Margarito Blancarte
Norah S asked:
Like most, my 401k has really suffered this last year. Outside of that I lost my job so my employer is no longer contributing. Since I am losing money, is it a good idea to just take the money and pay off all my credit card debt I acquired while out of work for 6 months? I am 45 years old with an 11 year old son. I started working again but it’s through a temp agency. Just sick of paying $350 per month on credit cards!
Ricardo Swett
Like most, my 401k has really suffered this last year. Outside of that I lost my job so my employer is no longer contributing. Since I am losing money, is it a good idea to just take the money and pay off all my credit card debt I acquired while out of work for 6 months? I am 45 years old with an 11 year old son. I started working again but it’s through a temp agency. Just sick of paying $350 per month on credit cards!
Ricardo Swett























