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re: IRA early withdraw to fund another. (Update)
Posted on 10/7/12 at 4:42 pm to Ric Flair
Posted on 10/7/12 at 4:42 pm to Ric Flair
quote:
I'd leave the IRA alone, and try to get by with a credit card for the next three months (maybe a new card with a low teaser rate).
Based on the original scenario, this wouldn't work. The couple doesn't have the cash to increase the contributions so presumably, they would be unable to pay off the card.
quote:
Since he is self employed, maybe take extra salary if possible, and float the rest on his business account.
If he could pull this off this is probably a better idea than using the IRA.
1
Posted on 10/7/12 at 6:19 pm to ZereauxSum
I'm still more concerned about the offer from the company than I am about how the couple will fund the contribution. Is it just me?
Does anyone ever question investments any more? Maybe because I've recently uncovered a scam one of my clients was unknowingly involved with. I would imagine investing is going to require a lot more of prior personal research from all of us than in the past as these economical times seems to be a breeding ground for bad and/or scam investments.
Does anyone ever question investments any more? Maybe because I've recently uncovered a scam one of my clients was unknowingly involved with. I would imagine investing is going to require a lot more of prior personal research from all of us than in the past as these economical times seems to be a breeding ground for bad and/or scam investments.
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