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URL:  http://boards.fool.com/closing-my-ira-to-pay-down-debt-12706927.aspx

Subject:  Closing my IRA to pay down debt. Date:  6/8/2000  9:05 PM
Author:  armarrujo Number:  36413 of 121320

My wife and I just had our second child. we are in our mid 20's and fell really behing in our debts. I do not want to file bankruptcy. Collectors are calling everyday, they don't even want to hear my story. Can I close out my IRA and pay the taxes when I file for 2000. Instead of paying taxes now? what should I do?

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