I am 26 years old and have had a IRA established for about 5 years now? I also have a nice credit card balance with moving into a new home? SHould I take what I have invested in my IRA to pay off my credit card and start over with my IRA or find other means to pay off my debt.
2006-06-26 06:06:20 · 2 answers · asked by Gump 1 in Business & Finance ➔ Personal Finance
If you can, find another way to pay off your credit card debt. Of course, this is assuming that you're not about to go bankrupt or anything. It sounds like you're not, as you are moving into a new home. Don't borrow from your retirement, as that will start a bad habit. It'll make it easier to do again and again, and then you'll be left with no money for retirement.
2006-06-26 06:11:47 · answer #1 · answered by KansasSpice 4 · 0⤊ 0⤋
Have a look here.
2006-06-26 06:10:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋