524-Why You Shouldn't Use Your 401(k) Money To Pay off Credit Card Debt When You're Unemployed
Today we answer this question: "I have accumulated $6,000 in credit card debt from a period of unemployment; should I use some of the $10,000 I have in my 401(k) to pay it off?"
Enjoy,
Joshua
- Please support the show: www.RadicalPersonalFinance.com/patron
475-Friday Q&A: Should I ReFi My CC Debt with a HELOC, Does Passion for a Job Come After You Have Experience, Should I Dump The Military Survivor Benefit Plan in Favor of a Whole Life Policy?
Time for Friday Q&A! If you'd like to join for a future show, sign up here: www.radicalpersonalfinance.com/patron
Today, we cover:
- 2:00 Should I refinance my credit card debt by moving it to a HELOC?
- 34:10 Do you have passion for a job before the fact or do you become passionate about it after you're good at it?
- 42:30 Should I drop the military's Survivor Benefit Plan for my pension in favor of buying a 10-year whole life insurance policy?
Enjoy!
Joshua
Categories
All Categories'your wealth building strategy
+stages of financial independence
-stage 5: financial independence
.traditional life event planning
1099 contractor vs w2 employee
asset allocation and portfolio diversification
comparison of roth 401(k) and traditional 401(k)
consumer credit and credit management
coverdell education savings accounts
credit debt & personal financing strategies
financial freedom in 10 years or less
financial planning as a business
financial planning credentials
foreign earned income exclusion
formal financial planning topics
gift-giving techniques and strategies
how to find a financial advisor
individual retirement arrangements (iras)
inexpensive accredited colleges & universities
insurance needs analysis: personal and property
non-qualified deferred compensation
qualified tuition programs (529 plans)
should-you-choose-work-you-love-or-work-that-makes-the-most-money/
simplified employee plan (sep)
timing of capital gains and losses
