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Hey friends,

Would appreciate advice on my debt dilemma.

My wife and I have accumulated about 30K worth of debt in the last 1 1/2 years since moving to CA due to some unforeseen dying pet expenses and other expenses. Currently we are just barely making enough money to cover monthly expenses and are just paying the minimums on this credit card debt.

I'm trying to figure out what we should do. We have about 13K in an IRA, a 401K, and a 403B and about 5K in cash for emergencies. Do I dare cash out the IRA, 401K, and 403B and pay down the debt? All three of these are in mutual funds (egad), none of which are beating the index fund average. If I don't cash out and pay down the debt, is it possible to move all of this to a Vanguard Index Fund or the like? And if I don't cash out, any other options besides just getting on a debt repayment plan and looking forward to a happy dance in the future?

I've called the cc companies to get my interest rates lowered and we are seeking additional income streams. Any suggestions about what to do with the cc debt until we start making more money. Thanks for any help.

Scott
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