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re: Random Office Conversation - Servicing vs. Paying Off $150k non-housing debt
Posted on 9/1/26 at 4:01 pm to CapitalTiger
Posted on 9/1/26 at 4:01 pm to CapitalTiger
OMG taking that money is like taking a loan at 30%
0
Posted on 9/1/26 at 5:14 pm to CapitalTiger
Depends entirely on what the interest rate is right? Can’t answer without that.
Posted on 9/2/26 at 11:25 am to CapitalTiger
Don’t touch deferred savings. Penalties and taxes are too high.
Now, if they want to stop contributing and use the extra cash to pay down debt that’s reasonable. Life throws you curve balls and you have to be flexible.
Second, I’d sell those damn vehicles and get something used and functional. Not paying in $60k of auto debt gets you out of this hole.
Now, if they want to stop contributing and use the extra cash to pay down debt that’s reasonable. Life throws you curve balls and you have to be flexible.
Second, I’d sell those damn vehicles and get something used and functional. Not paying in $60k of auto debt gets you out of this hole.
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