What to do - pay off small card OR...
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What to do - pay off small card OR...
| Thu, 01-08-2009 - 6:58am |
Okay, I am considering cashing out an old retirement account that I have.
| Thu, 01-08-2009 - 6:58am |
Okay, I am considering cashing out an old retirement account that I have.
Hi Nancy - between taxes and penalties, cashing out a retirement account to pay debt is the equivalent of paying about 40% interest.
All my best,
Danni
Nancy ~
If you choose to close out the account, I would use it to pay the card with the higher balance.
Teresa
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