Would you liquidate your 401k to pay off debt in this situation?

I have a potentially complex situation that I am looking to resolve in the least painful way possible. I am going through a divorce. My income is nearly twice as much as my ex’s, and I am going to have to assume over 16k in debt out of the agreement. It is all credit card […] Read more
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Who can I consult about paying off my student loan?

I’m looking to pay off my student loan as soon as possible. I’ve been making responsible payments into my loan for years now, and I’ve been making lump sum payments into my loan each time I come across a significant windfall. However, I know that I could be doing better. There’s a Public Service Employee […] Read more
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Is it okay to be married, 30 years old and have no retirement?

I am a 31 year old attorney with a 10 month old baby. I make $130K a year. My husband is also an attorney, and makes approx. $60K a year. WE both do not have any retirement savings or college savings for our baby. My husband is 37. I am starting to get very concerned […] Read more
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mortgage vs car loan vs invest extra cash?

I received a good bonus this year and am trying to figure out the best way to use it. I have no credit card or student debt, maintain an emergency fund, and am maxing out tax advantaged retirement savings; I’m also paying off two loans – a car loan and a mortgage. Reading personal finance […] Read more
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Student loans: Invest money until just before graduation (capitalization) or pay interest now?

There are lots of questions on SE about investing versus paying off student loans. This is not one of those questions. This question is about investing while you are still in school to pay off student loans later. I am in graduate school for the next three years. I have student loans that are accumulating […] Read more
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Is it possible to go to graduate school if I have debt?

I already have substantial debt in the form of personal loans ($15k). The student loans only cover the cost of tuition and living expenses, and of course does not cover existing debt. I was offered a fellowship, but it negates the amount they offer me for student loans. The school I am looking at is […] Read more
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How to get started with savings, paying off debt, and retirement?

I am getting married soon and I am in grad school (I get paid a stipend and have a tuition scholarship). I have no retirement plans available to me. My fiancee will be starting her job soon and will have a matched 401k available a few months after. We have some wedding expenses on a […] Read more
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Should I use my non-tax advantaged investment account to pay off debt?

Hello Personal Finance! So about 8 years ago, I got into a bad car accident which was not my fault, and which I sued the driver because they tried to drive away afterwards. I got a large settlement of about $32k, of which I did the following with: Put 16k in a CD (stupid, I […] Read more
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Will I be chased for debt if I move out of the UK?

I am an International Student studying in the UK. I took some loans for about £3000 from a bank while I was studying here. Since the government has abandoned PSW visa for graduates it’s likely that I will move out of the UK in few weeks. I have hardly worked and cannot work due to […] Read more
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How long should one wait before reapplying for credit card after account closure

I have recently come out of some financial trouble. I had about 4 collection agencies I owed money to and 2 credit card accounts that had been frozen and closed. I have now paid off both credit cards and all collection agencies but one. Once I pay off the last collection agency I will have […] Read more
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