San Diego Housing Market News and Analysis
Cashing out retirement account
User Forum Topic
Submitted by MR Amherst on May 11, 2011 - 11:09am
I have a CALPERS account for $12,000.
I've moved from CA, and am considering what to do with the money.
I can roll it into an IRA tax free, BUT . . .
I have a fair amount of debt, pay PMI on my house and need a new (used) car.
Is it wise to take the 20% tax penalty and use the money to pay off debt/ buy car?
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