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Pay Down Your Debt Challenge

Should 60-Somethings Use Savings to Pay Off Credit Cards?

An AARP member asks The Money Coach for advice

En español | Q: We have about $15,000 in credit card debt. I think we should take money out of our savings (about $100,000) to pay off these debts. My wife thinks we should just pay them down on our annual income of $90,000 gross. Who's right?

--Marc, 65, Arlington, Texas

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