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No. of Recommendations: 8

You wrote, For the love of God...CREDIT CARD INTEREST is what I am overspending on, and what I am over spending on. Never mind.

Perhaps your time would be better spent on trying to negotiate a lower interest rate? ... If that's really the problem.

What you're failing to look at is the expense you are blindly willing to incur (or at least risk) if you borrow against retirement funds. You do understand that if it gets treated as a forced early withdrawal the penalties are quite punitive?

I think this may be symptomatic of a bigger problem - one where you fail to do enough forward planning. Where you are looking at the short-term consequences without examining the risks and potential long-term consequences. It's pretty common with people that are hooked on instant gratification.

I recently renewed an old friendship and unfortunately realized he has a case of this worse than anyone ever seen. It explains a lot of the issues he's been dealing with. Unfortunately I don't think there's anything I can do to help him fix it - he has to want to address his problems on his own or nothing I say is really going to help.

- Joel
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