Comments on: Buying Retirement with a Credit Card http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/ The best Credit Card Debt Blog online Wed, 02 May 2012 03:22:04 +0000 hourly 1 http://wordpress.org/?v= By: Weekly Round-Up Football Season is Here Edition http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5614 Weekly Round-Up Football Season is Here Edition Sun, 07 Sep 2008 12:07:04 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5614 [...] Buying Retirement with a Credit Card. [...] [...] Buying Retirement with a Credit Card. [...]

]]> By: Kerry http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5566 Kerry Sat, 06 Sep 2008 02:16:45 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5566 If you had a card without fees and 0% interest for a time, say 9months to a year it would be a great idea to open a secured account with it, earn the interest, then close the account to pay off the card. What a great idea for earning some extra cash! But I don't think that is what you were really asking. If you had a card without fees and 0% interest for a time, say 9months to a year it would be a great idea to open a secured account with it, earn the interest, then close the account to pay off the card. What a great idea for earning some extra cash!

But I don’t think that is what you were really asking.

]]> By: Weekly Roundup and Carnivals and Book Winner | LivingAlmostLarge http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5504 Weekly Roundup and Carnivals and Book Winner | LivingAlmostLarge Fri, 05 Sep 2008 13:33:04 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5504 [...] tells us about “Buying Retirement with a Credit Card“, we’re at new [...] [...] tells us about “Buying Retirement with a Credit Card“, we’re at new [...]

]]> By: Get Rich Or Die Trying | » Posts of Interest http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5321 Get Rich Or Die Trying | » Posts of Interest Wed, 03 Sep 2008 17:29:25 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5321 [...] Buying Retirement with a Credit Card @ Master Your Card - This is a funny story… and I learned a lot. [...] [...] Buying Retirement with a Credit Card @ Master Your Card – This is a funny story… and I learned a lot. [...]

]]> By: Patrick http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5310 Patrick Wed, 03 Sep 2008 16:06:11 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5310 The only way I would do this is if I could get rewards points or cash back (and pay it off at the end of the month). But that of course would be a losing proposition for funds and credit card companies. No, the rules are in place for a reason. The only way I would do this is if I could get rewards points or cash back (and pay it off at the end of the month). But that of course would be a losing proposition for funds and credit card companies. No, the rules are in place for a reason.

]]> By: Barry http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/comment-page-1/#comment-5127 Barry Mon, 01 Sep 2008 14:51:45 +0000 http://masteryourcard.com/blog/2008/09/01/buying-retirement-with-a-credit-card/#comment-5127 Hi, No I would not consider financing my pension benefits using credit. What strikes me about this story is how sad the situation can be for somebody, is this sort of thing a common occurrence in the US where people are financially ruined just because they happen to get sick or is it rare? Over here in the Netherlands I don't believe it's possible to cash out your pension benefits and if you are, you'll take a big hit on them as they will be taxed (unless you already paid tax on the money going into your plan) I'm not an accountant though, just an interested party who has been following this blog. Regards, Barry Hi,

No I would not consider financing my pension benefits using credit.
What strikes me about this story is how sad the situation can be for somebody, is this sort of thing a common occurrence in the US where people are financially ruined just because they happen to get sick or is it rare?

Over here in the Netherlands I don’t believe it’s possible to cash out your pension benefits and if you are, you’ll take a big hit on them as they will be taxed (unless you already paid tax on the money going into your plan)

I’m not an accountant though, just an interested party who has been following this blog.

Regards,

Barry

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