I have a credit card that has a balance of $18,000. The interest is 12%. I have $20,000 in a 401K that is only earning 1.5%. I am over 60 years old. Would it be in my best interest to use the money from the 401K to pay off the credit card? I can only mak

In Debt - Asked by J Allen - 9 months ago

Tags: help, i have a credit card that has a balance of $18, 000. the interest is 12%. i have $20, 000 in a 401k that is only earning 1.5%. i am over 60 years old. would it be in my best interest to use the money from the 401k to pay off the credit card? i can on

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I have a credit card that has a balance of $18,000. The interest is 12%. I have $20,000 in a 401K that is only earning 1.5%. I am over 60 years old. Would it be in my best interest to use the money from the 401K to pay off the credit card? I can only mak

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