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News > Random Thoughts > Reminders

26. If you have a 401k and you are a few thousand dollars in debt...

borrow from your 401k and payoff your cards. 95% of the time your 401k has much lower interest rates than your cards...

plus it's your own money anyway.  If you have a 403b...even better the rates are like close to 1%.

Rad

Brought to you by on Monday, December 27, 2004 (UMST)
 

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