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Brown Ambition

Should You Dip Into Retirement To Cover Debt?

Brown Ambition

iHeartPodcasts

Careers, Education, Self-improvement, Investing, Business

4.92.5K Ratings

🗓️ 19 July 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

Hey BA fam! It's time for another BA QA. This week, Mandi and Tiffany examine whether it's ever a good idea to withdraw money from a retirement account to cover debt. Before resorting to a withdrawal, it's important to consider your options -- such as exploring rental or mortgage assistance programs, working with a credit counselor, and seeking financial assistance through organizations like FindHelp.org. Your financial sisters have you covered. Listen in for the full breakdown. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey VA fam this episode is sponsored by State Farm.

0:03.6

Are you a small business owner looking for insurance that fits your needs and budget?

0:08.0

Look no further than State Farm. State Farm agents are not just insurance providers, they're also small business owners who live and work right here in your community.

0:17.0

They understand the unique challenges of running and protecting a small business.

0:22.0

When it comes to small business insurance, State Farm knows what it takes.

0:26.0

Create a plan that fits your needs and your budget.

0:29.0

State Farm agents are ready to help you choose personalized policies that truly understand your business.

0:35.2

Ensure your small business with a fellow small business owner.

0:39.0

Talk to a State Farm agent today and get started on personalized small business insurance that fits your needs.

0:46.0

Like a good neighbor, State Farm is there.

0:48.1

Talk to your local agent today. It's time for the B A, A, A, A, A, A, A, A, A, A, A, A, A, A, A, A, A, A,

1:01.0

A, A, Q, A, Q, A, Q, it with Mandate.

1:05.0

A, Q, A, with Tiffany, the B, Q, A, Q, A, A, A,

1:08.0

A, A, A, A, A, A, A, Hey, Man, John, how you doing, girl.

1:12.0

I'm doing amazing.

1:14.0

I'm here to be a passenger princess for today's position of B-A-QA.

1:18.0

So you know, every Friday we do B-A- QA where we answer your questions but the

1:24.1

caveat is we're not your lawyer your doctor your financial advisor which is two

1:29.8

really cute brown internet cousins who know a thing about money career

1:35.0

entrepreneurship and beyond but you are going to take this advice for the

1:39.2

entertainment value it's made for and the smallest grain of salt and if you feel like suing someone

1:43.7

look in the mirror and pick yourself. Okay? All right Mandy we have a question. Oh if

...

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