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Reduce Savings to Pay Debts?

Hello Gary, retired early from my job of over 30 years and am now receiving a pension. I have an outstanding car loan with a balance of about $2500.00 at 4.49% interest. I have a Home Equity loan with a balance of $27,000 at 5.95% interest. I received...

Posted Jul 21 2009, 01:42 PM by Gary with | with 1 comment(s)

Filed under: Debt vs. Savings

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman

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Dollar Stretcher, Inc. does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for his or her own situation.

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