Consumers have to trade off preserving their capital for retirement and meeting their monthly financial obligations.

and a rental property with a mortgage balance of $334,000. Should I use the money from my savings and 401(k) to pay off the mortgage on the rental property? My rental brings $4,100 a month ...

Last but not least, you can use your equity to better manage your debts while retired. To do this, you'd use a home equity ...

But robbing your future to pay for ... The type of mortgage you have can also limit how much the seller can chip in for closing costs. You can use the money you've invested in a retirement account ...

In certain instances, you can take out a loan from your 401(k) and repay it over five years. Evaluate your options and try to find other ways to pay off debt, which would allow your funds to grow ...