I have been paying on this line of credit for 3 years and becasue it has a flexible interest rate although I pay extra because the interest rates continue to rise most of the payment is almost all interest. I need help getting out of this mess but I also need to put as much money in the 401k as I can because that is not where it should be either. If I do take a inservice withdrawal I will not be able to contribute for 6 months. This means i will lose the interest on the money I take out and on the money I cannot contribute for six months. I will lose my employers 5 percent matching and the tax advantages. What do I do? I plan to retire within the next 3 to 5 years. This is such a mess. I cannot take a loan out because I did so to payoff credit cards and I can only have one outstanding loan at a time. I feel so trapped! The home equity line of credit balance is 13000 dollars.
- I’m 22 years old (almost 23)
- I have been going to a business college for an Associate’s degree in Business Admin (entrepreneurship) and a minor in Accounting and I have about 2 quarters left in order to graduate.
- For the past 4 years I have worked full-time as a residential mortgage loan processor for both brokers and lenders.
- I prefer an office environment, flexible hours, and would LOVE to work from home part-time. I’m pregnant with my 1st child and due within the month. I don’t want to commit to a full-time position because I want to be home with my baby and continue to have more children later on. My last salary was $ 37k with bonuses and full benefits. I’m very detail oriented, have great customer service skills, I represent myself professionally and have pleasantly surprised all of my superiors and coworkers with my maturity and ability to handle myself. (a lot of people question my age)
What type of job should I apply for that will let me work from home part time?
**I also do not like to work for commission. I’d rather have a salary or hourly pay. And I’m HORRIBLE at sales! I’m more team-oriented…