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A Recession Lesson: Reduce Your Debt
The Washington Post; subscription may be required
Dec. 28, 2008
Excerpt: [I]f you don't have enough money to meet your basic living expenses, you can't afford to invest right now -- even for retirement. When you invest, you place your money at risk. It would be unwise to accept free money that you can't get to for years or without paying a hefty penalty for early withdrawal, then have to accumulate debt to pay your everyday expenses. So leave the company's money on the table and use your money to put food on your family's table. Until your husband gets steady employment, you should stop contributing to your retirement fund.
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