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Birds of a Feather / Investing For Couples

URL:  http://boards.fool.com/shes-always-been-on-shakey-financial-ground-with-22471461.aspx

Subject:  Re: One of us without an IRA Date:  5/11/2005  7:09 AM
Author:  2gifts Number:  778 of 785

she's always been on shakey financial ground with CC debt, etc., which I paid off with a HELOC on my co-op after our nuptials.


I'm sure you know this, and it's probably just the way you worded it, but you did not pay off her credit card debt. You simply moved her unsecured debt over to secured debt on your co-op. You still owe the money except to a different place.

We're both self-employed right now, so employer contributions, etc. are not an opt