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

community collegeMoney-Savingdear suzedream schoolChanging Livesdebit cardPay Off Debt Before RetirementstudentForeclosureYoung Adult letter to suzeFinancialFinancial Gift Cliff!00% tuition paidWarner Bros Television GroupNewtownWashingtonbill paying priorities8 RulesGay RightsUS Tax CodeEmergency SavingsSchool of Social WorkTelepicturesRichCommencementMoney Marketretirementschool MotherUniversity of FloridaSuze Ormansame-sex marriageRetirement IncomeMarlo ThomasPost-DivorceteensWall StreetAshley Springercredit cardUniversity of IllinoisCommunication Skills GoodbyeGifts3 step financial road mapMortgage Credit Availability IndexPrime Rate IncreaseSatisfyingretirement accountsgay marriage ban end Florida Financial Awarenesspresident ObamasuccessBeautySpendingstudent loan repaymentpaying for collegePrime Rate Rise 2015graduationExhibitionHoliday SeasonTeachFundsSuze Orman's Money Warscnbc alarm clockInterestSandy Hook Promiseretirment savingsCivil RightsLoveGay CouplesFree Debt EliminatorStudent DebtFinancial AdviceHolidayOne Wallet At A TimeCNBCuniversal college accessVeterinary SchoolStock InvestmentsPersonal Financetelevision hostFinal GoodbyeInfluential CelebrityForbesCredit Card Rate IncreaseBaby Boomersmarriage inequalitySuze Orman spouse Kathy TravisInfluentialsemergency fund savings2015 financial roadmapGifttaxesSuze Orman ScholarshipFinancial EducatorPBS SpecialBankSuze approvedLifestyleOverspendingsame sex marriage band end FloridaHoliday ShoppingCollege of Veterinary MedicineForbes Top 10How To Build CreditFinancial Solutions For You401KFederal Funds RateBankruptcyJose RodriguezMost Influential Celebrities List401(k) ContributionsCory BookerStudent Debt CrisisGracesocial workAlarm Clockstudent loan debtFinancial SystemAARPStudent Loanmobile appdebtSandy Hook Elementary SchoolThe Suze Orman ShowMoneyFinancial Awareness Video FestivalHeartUrbana-Champaign50 over 50student loan repayment estimatorteens and moneyFiscal ResponsibilityRetirement SavingsFinancial CliffSave Us MoneyCredit Card Interest Ratestudent loan repayment plan

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