http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/comment-page-1/#comment-24125 BAPCPA expands protection of retirement assets : Bankruptcy Law Network Thu, 18 Oct 2007 14:04:37 +0000 http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/#comment-24125 [...] See my earlier post on the eye popping difference if you fund retirement instead of credit card mininum payments.  [...] [...] See my earlier post on the eye popping difference if you fund retirement instead of credit card mininum payments.  [...]

]]> http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/comment-page-1/#comment-7687 Uncle Sam does asset protection at Bankruptcy Law Network - Real Lawyers, Real Solutions Wed, 04 Jul 2007 14:37:27 +0000 http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/#comment-7687 [...] Most Americans are woefully under prepared financially for retirement, especially my clients who are trying to pay off credit card debt.  I strongly discourage using retirement savings to pay down debt.  Premature withdrawals trigger their own kind of new debt in the form of taxes and penalties.  Given the savings performance of most, premature withdrawal or 401(k) are not enough to pay off the debt, either. Consumers mired in debt can safely go bankrupt without losing their retirement nestegg . I urge them to then put their financial energies to saving for a self sufficient retirement. [...] [...] Most Americans are woefully under prepared financially for retirement, especially my clients who are trying to pay off credit card debt.  I strongly discourage using retirement savings to pay down debt.  Premature withdrawals trigger their own kind of new debt in the form of taxes and penalties.  Given the savings performance of most, premature withdrawal or 401(k) are not enough to pay off the debt, either. Consumers mired in debt can safely go bankrupt without losing their retirement nestegg . I urge them to then put their financial energies to saving for a self sufficient retirement. [...]

]]> http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/comment-page-1/#comment-5044 on the Bankruptcy Soapbox » Blog Archive » Advice for Graduates (and Debtors) Tue, 19 Jun 2007 14:29:04 +0000 http://www.bankruptcylawnetwork.com/2007/05/19/mbna-ira-financial-choices-personal-responsibility/#comment-5044 [...] Looking at the long term was the theme of my recent post on the Bankruptcy Law Network, looking at the differing results if you paid off credit card debt with the contractual minimum payment or put the same money into an IRA over the same period. [...] [...] Looking at the long term was the theme of my recent post on the Bankruptcy Law Network, looking at the differing results if you paid off credit card debt with the contractual minimum payment or put the same money into an IRA over the same period. [...]

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