An Individual Retirement Account is an investment tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs...
Yes. Paying off debts is always in your best interests.
=Answer=
Not necessarily. Unless the debt is substantial, it's far better to
pay off the debt with money outside of a retirement account....
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to...
I am unable to pay my utilities and credit cards and was wondering when the creditors place a judgement on me if my retirement money can be taken, it would mean then not being able to pay mortgage