Tag Archives: 403b
- Should We Use Our Retirement Money to Repay Our Credit Cards? – Deb
“Dear Steve, we retired early and my husband has retirement from ny state dept of corrections and a 403b with 120,000. we are eligible to take money out of 403 with no penalty we have 52,000 in credit card debt and wonder if we should take the money out of 403b plan as we pay [...]
- Can I Take Money Out of One IRA, 401(k), 403(b), or Roth IRA and Roll It Into Another Account? – Dave
“Dear Paul, Hello, I am unemployed and need money…fast!!. I have several different retirement accounts: With “Investor-A”, I have both, a Traditional IRA & a Roth IRA With “Investor-B” I have both, 401k & 403b accounts (100% vested)… and I also have a SEP-IRA Interesting scheme… do you think this will work..?? I know you [...]
- Gerri Detweiler and I Talk Honestly About Debt
Gerri Detweiler and I talked recently via Skype video about debt for a video blog she did for DebtConsolidationCare.com. Below you will find our discussion which surrounded the issues I brought up in my article The Honest and Unvarnished Truth About How to Get Out of Debt. @GetOutOfDebtGuy
- Should I Cash Out My 403(b) Since I Switched Jobs? – Jamie
Should I cash out my 403(b) because I switched jobs? I am a young professional who recently switched jobs. My old job used a 403(b) matching system, to which I contributed for 10 months, my new job does not. My husband and I are starting some other investments with a different company than what my [...]
- Marriage and Money: How to Talk to Your New Spouse About Finances
So you’re engaged. Or thinking about it. If you’re really serious about spending the rest of your life with another person, it’s time to get some of the tougher issues out in the open. Somewhere near the top of your list should be MONEY. Conflicts about money issues can stop a relationship before it has [...]
- Should I Cash Out My 403(b) Retirement Account to Pay Off Credit Cards
Gwen “Dear Steve, My husband and I have some pretty high debt on our credit cards and as he is self employed the economy has taken its toll on his income. As an educator I have a 403(b) with enough money in it to PAY OFF the credit cards completely. While it is not an [...]
- How to Survive a Job Loss
If you’ve ever lost a job, you know how devastating it can be. It doesn’t really matter how you lost it — a company reorganization, merger, forced retirement or simply being fired — the results are the same. It probably feels like everything you’ve worked for is gone, including your income. And because losing a [...]
- Is It Dumb to Take a Loan From My 403(b) Retirement Account to Pay Off Debt? – Maura
“Dear Steve, I have $20,000 in credit card debt that I can’t seem to pay down. I have cut up my credit cards and are no longer using them. My interest rates are 8-12%. I am considering taking a loan on my 403B at 4.25% that I pay back to myself. One of the downs [...]
- Dude, I Am Totally Freaking Out Over My Debt! – Margaret
Margaret “Dear Steve, Help! We need serious advice! My husband and I have combined CC debt of almost $50,000. We have never been late on payments, but that is all about to change because we are about to hit rock bottom. In a year we have both watched our credit card scores fall from 748 [...]
- Will Cashing Out My 403b Negatively Affect My Credit? – Luke
Luke “Dear Steve, I have a great employer pension, a decent 401k, and a small 403b($7000). I am not worried about retirement. I tried several years ago to combine the 403b into the 401k and was told I could not do that. I have no credit card debt but ridiculous student loans and a car [...]