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| Subject: Liquidating IRA | Date: 10/25/1998 8:30 AM | |
| Author: goldie2000 | Number: 6271 of 76621 | |
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Hello All! I need some advice. I am a born again student who works part time. I have 10K in debt from foolish spending. I am thinking of making a withdrawal from my IRA to pay off this debt (I am < 59 1/2 YO and IRA balance 10k+). I understand there are fees etc but It would really remove the burden of debt that I carry. Also next fall I may not be able to work as much as I do now (I may have to do a full time school commitment) and paying things off would be a help. I thought I'd wait and do this next year after 4/15 because of taxes. Ideally I do not want to touch this $$ but It seems like the best thing for me to do. Thanks Goldie. |
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