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Paying Off Debt and Relocating
Manage episode 361173096 series 3432783
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We met with a new client recently and looked at a snapshot of their financial situation. One of the things we noticed was their outstanding debt, including credit cards and car loans. The client wanted to take about $40,000 to $50,000 out of their 401k and take a financial hit in order to pay down that debt.
Is that a good idea? We’ll share what advice we gave them and how you can handle a similar situation. Join us for an insightful conversation about relocating, extinguishing your debt, and more.
On today’s show, here’s some of what you’ll learn:
- Should I take a hit on my 401k to pay off debt? (4:24)
- Look for opportunities with your home equity line of credit. (7:24)
- How to extinguish your debt. (10:57)
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.
Want to contact us?
Website - https://smartmoneyquestions.com/
Email - info@smartmoneyquestions.com
Want to work with us? Find out how we can help: https://smartmoneyquestions.com/work-with-matt/
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