National Student Loan and Credit Report Debt Attorney

Avoid Raiding Your Future To Rectify Your Past

Rate this post

Sharon Epperson, a retirement guru, echoes the same advice one would get from a good debt settlement attorney – avoid raiding your 401(k) to pay off credit card debt!

http://lifeinc.today.msnbc.msn.com/_news/2012/04/11/11143194-dont-raid-401k-to-feed-credit-habit?lite

There are only a narrow amount of circumstances when one should ever consider this and should only do so once you have sat down with an attorney to discuss whether those circumstances apply to you.  Otherwise, you are putting your financial future in jeopardy.  Because guess what?  You can’t take out a loan for retirement!  Nor can you live on credit cards during your golden years.  In most cases, the better approach is to keep your 401(k) intact and to speak to a trustworthy attorney to see if workout (aka debt settlement) is the best option for you.  Chances are it will always be the better option because the balance reductions you will receive will save you large amounts of money today.  This way you won’t have to live on social security in the future.

Avoid Raiding Your Future To Rectify Your Past was last modified: September 11th, 2015 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.