In this episode of The Casey Lewis Podcast, Casey answers some new questions from the internet. He also discusses the changes to the podcast, the website, and what he’s been doing for the past month.
Brad: “If I’m paying a ridiculous amount of interest on a credit card, would it ever make sense to cash out a retirement plan to pay it off and just be done with the debt? I have about $6000 in cc debt and just shy of $20000 in various retirement plans.”
Laura: “I have a quick question. I have an employee who is thinking of getting a credit card to get a specific reward. She plans on making a purchase, cashing in on the reward, paying off the balance and then cancelling the card. Will that hurt her credit?”