Single 60 year old woman with parent loans of $60000- 8.5%- since getting divorced have been unable to pay – loans in deferment
Does it make sense to take money out of my retirement funds ($80000) to pay off the loans at this point? I am unable to save for retirement now but I don’t see any other way to pay these loans.
It does not make sense. See The Best Way to Lower Parent PLUS Loan Payments and leave your retirement for retirement.