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Author: williambay Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308689  
Subject: 401K MONEY TO GET OUT OF DEBT Date: 2/9/2000 7:39 PM
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I AM NOW WITH A NEW EMPLOYER AFTER LEAVING A OFFICE WITH AROUND $2000 IN MY 401K.
I WON'T BE ABLE TO ENROLL IN MY NEW COMPANIES 401K UNTIL NEXT JANUARY.

I GUESS THIS IS A TWO PART QUESTION-

WOULD IT BE BETTER TO TAKE THE MONEY AND PAY OFF SOME OF MY DEBT ($2700 @ 10% STUDENT LOAN, AND MISC FAMILY LOANS)-

OR SHOULD I ROLL IT OVER TO A IRA AND MAKE SOME MONEY THE FOOL WAY?

I WOULD LIKE TO BE DEBT FREE - EVEN THOUGH MY DEBT ISN'T SKY HIGH AS FAR AS PERCENTAGE, I WOULD LIKE TO BE CLEAR OF OWING ANYBODY ANYTHING.

ANY SUGGESTION WOULD BE OF GREAT HELP

THANKS
WILLIAM
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