The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: pension vs credit card debt? please help||Date: 1/20/2000 3:50 PM|
|Author: curly123||Number: 18034 of 76611|
Hello fool gurus:
I have about $ 9,500 (100% vested) in my previous employers pension plan.
I have about $ 10,000 in credit card loans at 4% apr.
My question is
(1) should I take out the pension money and finish up up credit card debt.
(2) If I take out the money how much (approximate percentage) would I lose in penalties and taxes (filing jointly, annual gross income- $ 80,000)
Thank you for your advice
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|