No. of Recommendations: 4
Since you have a RothIRA which is funded with after tax dollars, i'm not sure if you will be taxed, but you will pay a penalty.

This is incorrect information. Contributions to a RothIRA can be withdrawn at any time without penalty. If OP's Roth is worth less than the money contributed to it (mine is, I know that) then there is no penalty for withdrawal. That being said, in OP's position, I would only withdraw and pay off the CC debt if I knew I would not be running up the CCs again, ever. Also, I would make sure I had the financial control over myself to contribute again to the Roth this year, and fund it as fully as possible.

Normally it's not recommended around these parts to raid one's retirement accounts to pay off CC debt. However, I can see how an amount under $10K, if it would erase interest-accruing debt, might be worth withdrawing for the purpose. It seems from OP's post that he/she is NOT beating average market returns. ;-) The $10K can be replenished within two years. In this particular instance, I don't see much harm in it (again, given the stipulations above).

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