No. of Recommendations: 0
Given his situation where 1/2 the money is a zero interest balance transfer, I think we are back to the consensus of rolling over. Especially because as AJ says there is no guarrantee that he would actually invest the minimum payments into a Roth IRA.

Still the point being you should do almost anything to avoid getting into a situation where you have more than 10K worth of debts on credit cards. It is so expense to borrow money on credit cards that it may make sense in some usual situations to take money out of a 401K/IRA to pay it off.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.