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Is it ok to use my retirement funds to repay high interest credit card debt?

Date: Mon, 06/24/2019 22:51
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Is it ok to use my retirement funds ti repay high interest credit card debt? I can always pay back the amount before I come to my retirement age.




No. This is not a good idea to liquidate your retirement funds to pay off your high interest credit card debt. I would suggest you settle your credit card debt instead. If you don't have money for that, then you can do one thing. You can get a side hustle. That can help you to increase your income and pay off debts.

Sub: #1 posted on Tue, 06/25/2019 - 20:31

Nick Jonas Nick Jonas

(Posts: 428 | Credits: )

NO, this should be avoided. You can settle your debts or sell some items to repay your debts. Don't spoil your retirement.

Sub: #2 posted on Fri, 06/28/2019 - 05:47

Sanders Patricia Sanders Patricia

(Posts: 1239 | Credits: )


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