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I owe money to credit cards and collection agencies, if I start a mutual fund or ira could they take that m?

June 26th, 2009
bh90210fan asked:


I want to plan for retirement. I do owe money to credit card companies. So if I open an ira or mutual fund, can they get access to that money and take it?

Anibal
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Filed under: Personal Finance | Tags: ,
June 26th, 2009 16:28:01
5 comments

macbeth00798
June 27, 2009

The way if you dont pay it you should do that first.


DJ B
June 28, 2009

You need to take care of your obligations now. And if you have anything left over after all your debts, then put it in an IRA. But you debt should take priority. Obviously you haven’t figured that out yet.


DLA
June 29, 2009

Pay your debts first.


Thin Kaboudit
July 2, 2009

For retirement it is never too late to live honestly.


rwa000
July 5, 2009

The option of paying or not the option of is called sewers lien some lawyers are good at it so beware.

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