Suze Orman, Financial Guru
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
View Blog & News List

Suze Orman: Don’t put your retirement on a credit card

August 07, 2013 at 10:27 PM

As the economy slowly recovers, Americans are struggling to get out of credit card debt they amassed during tougher financial days.

The good news: the majority of people are paying their credit card bills on time. Recent data from the American Bankers Association shows that less than 2.5 percent of credit card accounts were 30 days late in the first quarter of 2013.

The bad news: they're amassing more debt. Outstanding credit card balances in the U.S. rose to $856 billion according to a study by the Federal Reserve Board.

Out of desperation to stay current, or to rid themselves of their debt, people are looking at their retirement accounts as a cash source. But Suze Orman says that's the biggest mistake you could make.

 

Read Full Article

Suze Orman: Don’t put your retirement on a credit card

Tag Cloud

Washingtonschool Gay Rightshome buying budgetlong-term care provider of financial supportTelepicturesSandy Hook Elementary SchoolStudent Debt CrisisCredit Card Interest RateGoodbyeMoney Marketcar leasingcommunity collegeCory BookerNewtownCommunication Skills School of Social Workget health insuranceCollege of Veterinary MedicineHeartSandy Hook PromiseHolidaytelevision host2015 financial roadmapLong Term Care premiumsdear suzeMortgage Credit Availability IndexForbesdebit cardadvice for college graduatesLTC shoppingdream schoolsame-sex marriagemarriage inequalitystudent loan repaymentYoung Adult LifestyleBaby BoomersGiftAlarm Clockcredit cardStudent DebtRetirement IncomeMost Influential Celebrities ListCNBCwaive home inspection bidbill paying priorities401(k) Contributionsrent vs buyPersonal FinancePrime Rate Rise 2015Urbana-ChampaignUniversity of Illinoisletter to suzeteens and moneystudentSuze Orman Scholarshipretirementbest loan deal Marlo Thomasstudent loan repayment planroth iraretirment savingsInterestPost-Divorcelong-term care premiumsPrime Rate IncreaseRetirement SavingsStudent Loanhome ownershipFree Debt EliminatorFinancialLong Term Care shoppingcollege graduatemanage student loansbuying a carAARPback door Roth IRAcnbc alarm clocksuccesssame sex marriage band end FloridaFiscal ResponsibilityFinancial Awareness Video FestivalUniversity of FloridaFederal Funds RateSuze Orman's Money Warscar buying mistakesPhyllis Shelton expert long-term careteensInfluentialsuniversal college accessExhibitionprotect dependent Financial Solutions For YouBeautyLong Term Care Insurance emergency fund store credit cardsalternative FICO scoreemergency fund savingsGay Couplespresident ObamaPBS SpecialMoney-SavingEmergency Savings8 RulesOverspendingUS Tax CodeFICO Scorehome loan credit score below 740 FICO credit score credit card mortgageGrace20% down paymentstudent loan debtdo you need life insuranceprotect and provide for minor child Forbes Top 10Lovegraduationhome budget after tax costEasy Life Insurance Ashley SpringerCredit Card Rate IncreaseFinancial SystemHoliday Seasongay marriage ban end Florida Civil RightsSave Us Moneylower mortgage interestthree year car loanFinancial AdviceWarner Bros Television GroupOne Wallet At A Time!00% tuition paidRichVeterinary SchoolBanksocial work50 over 50mobile appFinancial CliffFundsfinancing car ForeclosureJose Rodriguezget credit cardLTCSatisfyingCommencementFinancial Gift Cliffdebtretirement accountsCredit score401K8 month safety netpaying for collegeFinancial AwarenessWall Streetdon't do five year car loancredit reportSpendingChanging LivesGiftshome buying mistakesSuze Orman spouse Kathy Travissavingsstudent loan repayment estimatorTeachFinal GoodbyePay Off Debt Before RetirementMotherThe Suze Orman ShowHow To Build CreditSuze approvedMoney3 step financial road mapSuze OrmanBankruptcycharges on credit cardInfluential CelebrityHoliday ShoppingStock Investmentscar loanFinancial Educatorfour steps to retirement savings taxes


View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2015 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel