Withdrawl at 62yrs. old from retirement funds to pay credit card debt?
We got ourselves into a financial bind in which a credit card company put a lien on our townhouse. Can my husband who is still working take a withdrawl on his retirement? He is 62yrs old.
Terry Says: Don’t do it. Call the National Foundation for Credit Counseling at 800-388-2227. Your retirement plan is not subject to lien for a credit card issue. Let them help you work it out — and keep your money growing for retirement.