Debt/retirement
I’m 44 currently making about 150,000/year. I have about 30,000 in debt. I was thinking about pulling from my 401k to pay the debt. I’m also looking for someway to start investing. I can save $1000-1500 per month before paying off the debt. I’m afraid of putting money in places that forces you to leave it there for long terms because you never know when you may need it. What should I do?
Terry Says
I would suggest that you use that “extra” $1000/month to pay down your debt as fast as possible. With such high credit card interest rates, paying down debt is your best investment!
Do NOT touch your 401k.
