Latest Posts
Home > Tag Archives: retirement account

Tag Archives: retirement account

WWII Vet Spends Down Retirement Accounts Trying to Make Payments – Bill

justball-144x125

“Dear Steve, 85 Year old WWII vet, ill health, In the late 80′s and early 90′s ran up $125,000 on several credit cards due to medical expenses and travel to other states to care for both our parents. We have spent all our IRA and about 85% of 401k on these bank cards. After retirement, got another job and paid ... Read More »

Gerri Detweiler and I Talk Honestly About Debt

justball-144x125

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. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Hank is on Disability And Wants to Borrow From His Retirement Plan to Pay Off Credit Card Debts

Your Financial Mudslide

“Dear Steve, I am on disability retirement. My income is about $3,200 monthly. I currently have about $40,000 in credit card debt, excluding a mortgage (which is upside down). I am $1,100 in the hole every month and desperately need help! I have asked my wife to take out a $20,000 loan from her retirement plan at work. She will ... Read More »

Should I Cash in my 401K to Get Out of Debt? – Mona

justball-144x125

Mona “Dear Steve, We just finished building our home (we were the contractors). Before we started we had very manageable debt and our credit scores were almost 800. We used a construction to permanent loan(5.5%) and credit cards to build our home. Now that we are finshed we have a $255,000 mortgage and owe $85,000 on credit cards. My husband ... Read More »

Where to Find Free Cash in an Absolute Emergency

justball-144x125

An article in the Wall Street Journal was bolder that I might have been about the realities of the best place to find cash in an emergency. When I read the article I broke out in a huge smile for ear to ear. Amen. People make the same chronic mistakes when they get into a financial bind if they have ... Read More »

Americans losing sleep over financial crisis

justball-144x125

Americans losing sleep over financial crisis Reuters - 32 minutes ago Of those, a third said their biggest worry was the cost of living, while another third cited their credit card debt . One in six said their biggest worry was ... Read More »

Christine Writes And Asks Me “Should We Liquidate The IRA to Pay Off Debt?”

justball-144x125

“Dear Steve, We have about $35,000 in current debt not including a home that is not finished. We have about $120,000 in IRA money. We own $75,000 in real estate free and clear that is for sale but not sold yet. Should we liquidate some of the IRA money to help out our debt? Christine” Dear Christine, The interesting thing ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.