Friday, February 18, 2011

Cash out and pay down

Don’t cash in a 401K, or any other retirement fund, early. You can kiss 40% of your money goodbye.

However, it makes little sense to keep a non-retirement account around if you have debt. Cash out the non-retirement account and pay down your debt. Any loss you take by doing so will be negated by the gain you make by paying on your debt.
More Debt Management

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