Bad Ways To Borrow
Today on MoneyWise, Howard Dayton and Steve Moore speak about where you might be headed if you don't put money aside each pay day. Then they take questions from listeners at 800-525-7000 and MoneyWise@Compass1.org:
- "My husband will be 59.5 in June. We would like to consider using our 401K to pay off our mortgage. My husband is a pastor and also works a full time job. He would like the opportunity to do more ministry and pay less on the home. What do you suggest?"
- "I have a friend that has a husband that takes out loans and keeps them in debt. She would like to know how to protect herself from his indebtedness. Advice?"
- "I have some money in an IRA. I am not sure what I should do with it at this point. Any suggestions?"
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