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Reply to "Can I still be ok in the future post divorce?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]what about me - 43F, nurse, $15K in retirement and add about $400/mo, $65K salary, and about $90K debt including auto and credit cards etc. [/quote] $400 a month into a good ETF- VOO, QQQ, VTI, VUG for next 20 years and you should be fine. You got to work extra shifts to get rid of the $90k. Don't forget, retirement account will be taxed as ordinary income if you put the money in pre-tax. You should have the $400 invested inside of a Roth.[/quote] I am a nurse and it is directly taken out of my paycheck into 403(B) and I contribute like 4-5% every month which is $400. I am very concerned on how to get rid of this debt since my whole paycheck just go towards the debt and I usually go in negative every month. [/quote] Can you provide a break down of the debts and the associated interest rates? The general rule of thumb is to put any extra money at the highest rate debt until it’s paid off. Once the first one is paid off you move to the next highest interest rate Are you able to pick up extra shifts?[/quote] I am the PP. about $49K of credit card debt, $18K of fixed income loan and $24K of auto loan. I have been trying to get extra shifts as much as possible. Going to school as well to become RN. [/quote]
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