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Author: TMF2Aruba Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308232  
Subject: Re: credit confusion Date: 7/2/2001 11:09 AM
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I am a bit confused. I have started saving with a 403B but I still have high credit card debt. Should I use the money in the 403B to pay off my credit card debt, or should I continue making the monthly payments?

Nope! Nope! Nope!

Don't ever consider touching that money, it's for your retirement, and withdrawing from that will trigger taxes and penalties that'll cost you far more damage. You might want to hold off making future contributions for a while until the debt is paid down, but don't make any withdrawls.

Tony
...but I still am...

Off2Aruba

Have questions about saving, spending and investing? Get the answers in The Motley Fool Money Guide!!
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