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Posts: 167
In response to
"
color of money chat q: should they take money out of their retirement account to pay down high-interest credit card debt?
"
by
poxie
Depending on your tax bracket you're looking at paying in the neighborhood of 40% in taxes and penalties on the amount in order to pay off the debt.
Posted by
pmb (aka pmb)
Oct 27 '11, 10:26
So, no.
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