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re: It costs a lot of money to live

Posted on 2/1/13 at 2:30 pm to
Posted by PurpleAndGold86
Member since Jun 2012
11036 posts
Posted on 2/1/13 at 2:30 pm to
quote:

eta: I might just go ahead and cash out the roth. I need to knock out some credit card debt




Don't do this.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/1/13 at 4:04 pm to
quote:

I might just go ahead and cash out the roth. I need to knock out some credit card debt


PurpleAndGold86
quote:

Don't do this.


Why shouldn't he? Your ROI on paying off credit card debt is almost certainly much higher than the ROI you can get in a Roth.

I think he should do this in a heartbeat. There's no fees or penalties involved and it's better in the long run.
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