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Posts Tagged ‘401k’

Unfortanely, I have racked up credit card bills. I am roughly ,000 in debt. I do have money going into my 401k, stock and other funds monthly. I am wondering if I should sell stock to pay off my credit card debt. I may be leaving my current company and could also take my profit sharing money versus rolling it over. I know I will have tax/fees with doing either of these. Doing one or the other would pretty much cover almost all of the credit card debt. Currently I make the minimum monthly payment on my credit card. Sometimes a little over. The interst rate is apprx. 12%. I wonder if using the stock or profit sharing would be wise or not. Once the credit card is paid I can stick the monthly credit card amount into savings or my 401k. What is the best thing to do? I had racked up credit card bills do to a medical situation and a few emergencies. All is good again and I want to be debt free. Any advice? Thanks.

i have 8k in savings for a rainy day. i live alone and take care of all my bills alone. i have a 401k i just open a few months ago with 1k in it. but the only things is that i dont have are skill, degree and girl. i live in vegas. i moved here 2years ago with 2k and now look at me today. can anyone motivator out there give me any advice on how to move up to another level

I have enough in my 401k and i need to consolidate credit card debts which would require all of it after taxes and penalties, but could to pay off all the credit cards! Which is better route, refinancing or 401K debt consolidation loan?

Unfortanely, I have racked up credit card bills. I am roughly ,000 in debt. I do have money going into my 401k, stock and other funds monthly. I am wondering if I should sell stock to pay off my credit card debt. I may be leaving my current company and could also take my profit sharing money versus rolling it over. I know I will have tax/fees with doing either of these. Doing one or the other would pretty much cover almost all of the credit card debt. Currently I make the minimum monthly payment on my credit card. Sometimes a little over. The interst rate is apprx. 12%. I wonder if using the stock or profit sharing would be wise or not. Once the credit card is paid I can stick the monthly credit card amount into savings or my 401k. What is the best thing to do? I had racked up credit card bills do to a medical situation and a few emergencies. All is good again and I want to be debt free. Any advice? Thanks.

I am nineteen years old sophomore in college. I have no idea about the economy and stock market, but got interested when my co-workers started discussing of the stock market and retirement plans. I heard stories of people invested money in buying stock shares and gotten rich. I also been hearing a lot about the 401k and something called pensions plans where I work (Plumbing and HVAC Company) which I think is the same thing, but it is for retirement I guess. But my point is that I am a beginner and looking forward on how I can start buying stock shares so I can invest and pay my college debts after I graduate. I would like to have advice of people who are doing these things.