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Posts: 152
In response to
"
color of money chat q: he/she was laid off two years ago and has credit card debt at 18%. should they use their 401k/IRA to pay off the credit card?
"
by
cupixie
as usual it depends on alot of other things
Posted by
Beaker (aka Anniebecca)
Feb 3 '11, 10:04
if they have no other income than probably take out enough to use up all the standard tax deductions and pay off the debt.
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