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Posts: 161
In response to
"
color of money chat q: they have about 10k in credit card debt. should they use 401k money to pay it all now or do it with $500/mo extra?
"
by
lord tubbington
You are not okay for retirement. You are okay with paying $500/month. -- nm
Posted by
Amy (aka momstravaganza)
May 5 '11, 11:19
(No message)
Responses:
True. For a couple in their mid 30s to have only 80K in retirement, not so hot. -- nm
-
ty97
May 5, 11:22
3
Actually, that's not shabby at all
-
Will Hunting
May 5, 11:27
1
wow -- nm
-
lileve
May 5, 11:28
Pension and SS, but they will have to work longer. -- nm
-
Amy
May 5, 11:23
[deleted]
4
Right, if they had a home equity loan or something that would make sense. -- nm
-
Ender
May 5, 11:24
Or, roll it around a few introductory rates. -- nm
-
Amy
May 5, 11:23
1
[deleted]
or transfer to a 0% card. -- nm
-
loosilu
May 5, 11:22
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