Tag Archives: retirement loan

I Want to Borrow From My Pension to Pay Off a Credit Card Debt. – Debra

“Dear Steve, I am 57 year female, gainfully employed. I am married, have a 13 year old son and live in Park slope Brooklyn. My husband is also empolyed but in really bad debt – to credit card compaines. My credit is fine his is not. Because of his debt i have incurred about 15 [...]

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 [...]