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Linda Jacob
Linda Jacob
CFP®, AFC®
Des Moines, IA
27 recent answers
Clearpoint Credit Counseling Solutions
Clearpoint Credit Counseling Solutions
NFCC Certified Credit Counselor
Atlanta, GA
5 recent answers
Roslyn Lash, AFC®
Roslyn Lash, AFC®
AFC®
Winston Salem, NC
5 recent answers
Cheryl Welch
Cheryl Welch
Poughkeepsie, NY
2 recent answers
Tom Martin
Tom Martin
Wallingford, CT
2 recent answers
All Questions: Debt
NewPosted July 22, 2016

Congratulations on your new position! I was just dealing with a similar question yesterday. As with many advisors, we love to say "both and" in answer...

NewPosted July 21, 2016 · Chicago, IL

Contact a local credit counseling agency such as Consumer Credit Counseling Services (CCCS) that will assist you. Their fees will be nominal or on a ...

NewPosted July 21, 2016

If you are within the 28% tax bracket, you should be bringing home approximately $72,000. Ironically, your expenses of $6,000 equates to your net inc...

NewPosted July 21, 2016

With the limited amount of information provided, the best advice I can offer is to look into implementing a more efficient budget. If you're not makin...

NewPosted July 20, 2016 · Seattle, WA
Clearpoint Credit Counseling Solutions

Clearpoint Credit Counseling Solutions

NFCC Certified Credit Counselor

Great question. Yes, there are several factors you should discuss with your plan administrator. Here are some things to look for:

You may be unable...

NewPosted July 19, 2016 · Miami, FL
Linda Jacob

Linda Jacob

CFP®, AFC®

I would suggest paying the debt. First of all, you are in a position to pay it.

Second, after it is paid, it will be reflected as "paid in full" on...

NewPosted July 19, 2016
Linda Jacob

Linda Jacob

CFP®, AFC®

If you take a partial withdrawal, and are not of retirement age, you will have to pay taxes as well as a penalty. Taking out a loan would be a bette...

NewPosted July 19, 2016 · Annapolis, MD
Linda Jacob

Linda Jacob

CFP®, AFC®

That depends on your situation. Is the debt a burden? Are you current? What is the interest rate you pay on these cards? If you pay the minimum pay...

NewPosted July 19, 2016
Marcos Lira

Marcos Lira

CFP®, EA

Great question and one that gets asked all the time!

I don't have much information to go on besides assuming that you have a well placed budget, liv...

NewPosted July 19, 2016
Clearpoint Credit Counseling Solutions

Clearpoint Credit Counseling Solutions

NFCC Certified Credit Counselor

Whether you refinance or not depends on the current interest rate versus the rate you are able to secure with the refinance and whether you are refina...

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