Smart Money Questions

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://sma