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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308449  
Subject: Re: How to get back to financial health Date: 2/3/2014 10:09 PM
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My wife and I are 40. 6 short years ago we had 0 debt, aside from our mortgage. Then, we had super-preemie twins, my wife had to stay home with them, I was laid off 3 years ago, so I went back to school to complete my bachelor's, and needed to use credit to stay afloat. Now, I have $50k in loan, car and credit debt, and $33k in my Foolish Fidelity Retirement account with a great rate of return, and $10k in a new 401k with my new employer.

Pulling out the investments to pay debt sounds good, but taxes make it less desirable. I just hate paying interest!

Any advice?
- dp23peace | Date: 2/3/2014 11:01:51 AM | Number: 307778

Going back to school is generally a very bad idea unless you can do so without borrowing any money to do so.

I returned to university in 1972 to earn a BBA in a new filed of study followed by a MS Finance & Economics in 1976 without taking-on any additional debt. Retired the end of 1995 at age fifty.

Kahuna, CFA
Investment Professional
1974 - 1995
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