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

manage student loansFICO credit score credit card mortgagesave moneyGraceInfluential Celebrityloved ones dependent on incomemax employer matched 401(k) contributionlower mortgage interestlet them have 50% controlCollege of Veterinary Medicinepush yourself to save more for retirement3 step financial road mapcredit reportget health insurancecouple financesadvice for college graduatesavoid burn outAshley Springerhome buying budgetpresident Obamaretirment savingsPrime Rate Rise 2015doctor no longer in network2015 financial roadmapWashingtonhome ownershipshop online guaranteed level term policymoney vowsSuze Orman spouse Kathy TravisHSA tax savingsdeath benefit 20 to 25 times annual incomeBaby Boomersmarriage inequalityrequire chore in exchange for allowanceno sneaking in feesInfluentialsInterestLTCmake saving a pleasuredear suzeat worst still pay 75% benefitstudent loan repayment estimatorwives should be involved in retirementprovider of financial supportcharges on credit cardbig results Giftsloan big picture lower premiumHow To Build Creditis it necessarySpendingsocial workGay RightsNewtowncar leasingLovecomparison shoppingdream schoolgay marriage ban end Florida traditional vs roth 401(k)Holiday Seasonone credit cardignore 6 month grace period debtalways use all paid time offStock Investmentspercentage men widowed 75-84would you decline a bonusinitial tax break holiday spendingFinancial CliffTeachstore credit cardsCommunication Skills LTC shoppingenjoy saving yours, mine & oursNew american Dream long-term care 8 Rulesworst financial mistakeinterest capitalizationgraduationget over life insurance phobiaWarner Bros Television Grouplive below your meansspecial saving accountopen enrollment review Save Us MoneyHolidaySatisfyingfour steps to retirement savings employer funding HSACredit Card Rate IncreaseMortgage Credit Availability IndexStudent Debt CrisisFiscal ResponsibilityStudent Debtdon't do five year car loanHDHP's are not badLong Term Care premiumsHDHP's are good for you10 year repayment plan small changes get credit cardSelectQuote.comvalue moneyFinal Goodbyecnbc alarm clockfinancing car interest on student loansExhibitionswitch to roth 401(k)Student LoanForeclosureRichschool community collegedon't defer interest paymentscollege graduatehigh premiumsno life insurance financially irresponsibleAmy Lacyet50 over 50mortgagepermanent life insurancedebit cardChanging LivesGiftGay Couplesnot enough life insuranceRetirement Incomecut monthly cable billdo you need life insuranceGoodbyeterm life insuranceSuze Orman Scholarshipbest loan deal automate student loan paymentsEmergency SavingsBankoverspend on giftsFinancialemployer offered life insurancedangerous money seasonsuccessAARPget the most out of social security insurance mistakeForbes Top 10Credit scoregift grandchild IRA contributionphysical healthsocial security never insolventcredit cardSuze approvedMoneydoctors in networkUS Tax Codeultimate compounding giftswitch to spouse coveragecar buying mistakesFinancial SystemVeterinary Schoolprotect your familymonthly benefit 401(k) ContributionsOverspendingoverspend on dining outreplace permanent life insurance with termLong Term Care Insurance Long Term Care shoppingbe true to yourselfSuze Orman's Money Wars19 years cash flow probleminsurance yearly reviewHDHP'shome loan credit score below 740 social security not going brokeFRAprotect and provide for minor child television hostjanuary billsFICO Scorerequired disclosureprotect dependent confident of solutionemergency fund savingspercentage of women widowed 75-84CNBCstudent loan repayment planPersonal FinanceOne Wallet At A Timepublic service loan forgiveness programgrandchild summer job IRA contributionunsubsidized Stafford loanYoung Adult learn good financial choiceshigher insurance deductibleRetirement Savingsdon't use allowance as bribeSuze is my biggest mentorBeautyteenspay interest while in school8 month safety netraise insurance deductibleHeartterm insurancestudentverify wellness screening and programsknow before you owecut monthly cellular billbad retirement planningpublic service career student loan repayment !00% tuition paiduniversal college accessPBS SpecialSandy Hook Elementary Schoolautomatic withdraw to savings high deductible health care planlong-term care premiumsfinancial argumentsunder 18 financial giftapproved medical 100% tax-freebill paying prioritiesteens and moneyraise deductiblesHDHP Money-SavingMost Influential Celebrities Listletter to suzeUniversity of IllinoisIRA contribution gifted moneyincrease retirement contribution ratesavingsdo not pay allowance for good behaviorAmericans don't use all paid vacation timeFree Debt Eliminatorretirement accountsEasy Life Insurance teach importance of helping othersAlarm Clockpaid vacationMarlo Thomascost of capitalization calculatorAccuQuote.comage appropriate choregrandparent IRA contribution same sex marriage band end Floridabe kind to yourselfoverspend on nights outstudent loan repaymentemergency fund save Eric Dodge women outlive menPrime Rate IncreaseMotherLifestyleAARP Social security calculatorfederal student loan deferment borrow each year, capitalization is going to pile up 20% down paymentis it kind?Financial Awarenessfamily save at least $100 monthlyunexpected expenseCivil RightsWall Streetbuying a carstretch out haircut appointmentsFederal Funds Rate10% donate to charityconsider roth 401(k)Credit Card Interest Rateonly offered while employed Holiday Shoppingmobile appStaffords this year have a fixed 6.8% interest rateUniversity of Floridais it necessary?financial independencesame-sex marriageCommencementdon't ignore open enrollmentmaintain standard of livingBankruptcyhome budget after tax costUrbana-Champaignincentives for health care wellness screeninginsuranceCory Booker40% toward financial goalritual schedulePhyllis Shelton expert long-term carebreakdown projected monthly housing costForbesJose Rodriguezroth iraSuze changed my lifeis it true? retain separate credit cardsretirementverify retirement plan with HR or plan sponsor8 month emergency fundMoney MarketThe Suze Orman Showback door Roth IRA401Kcar loanFinancial EducatorPay Off Debt Before Retirementcostly insurance mistakeno tax on withdrawlsrent vs buySuze OrmanFinancial Gift Cliffmental healthretirement planhome buying mistakesFinancial Advicemortgage disclosurecalculate dependents annual income needsFundsfull retirement agekeep a schedulestudent loan debtPost-Divorceprotect loved ones waive home inspection bidthree year car loanFinancial Awareness Video Festivalalternative FICO scoreSandy Hook PromiseTelepicturestaxesdeath benefit needs for familychildren under 18School of Social Workmarriage financial responsibilityFinancial Solutions For Youteach your child good money habitspaying for college

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