I’m 31 years old with a Roth IRA worth about $35,000. I started this IRA when I was 20 while serving in the Marine Corps over seas. Since it’s birth I have fed the IRA about $38,000. My wife and I made it through school now oweing a little over $20,000 in school loans. We have $6,000 in credit card debt. And I need a vehicle soon. We both work and would like to have children soon.
Should I cash out this Roth IRA? I feel angry everytime I see the statement since it was over $60,000 less than 3 years ago. I heard countless speaches about the advantages of starting an IRA at a young age but my money would have done better under my matress.
This reader question was submitted for site members to answer.
This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.
If you have a credit or debt question you’d like to ask just use the online form.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
- I Want My Money Back That I Paid World Law - June 30, 2022
- How Do I Get My Husband Back That Left Me for Another Woman? - June 30, 2022
- Financial Education Services Fighting Back Against FTC Over Credit Repair Allegations - June 30, 2022