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Need a new roof (it's leaking), and banks are tightening up credit standards. We're in our early 30s. There's enough in our IRA/401k accounts to eliminate all of our high interest credit card debt (20%+) and get the roof done. Once all that is taken care of, we could take the money we were paying for the credit cards and put it back into the IRA/401k accounts. Does this sound like a rational plan?

Yes, I know we need to stop using the credit cards. We haven't used them for anything in over a year, but we're scraping by on minimum balances. I know there will be a penalty for taking money out, but it seems like a short term loss, long term gain, since our cash flow situation will be greatly improved.
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