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Published: Thu, 6 Aug 2009
Description: With college tuition bills due this week, what are your last-minute options to get these account balances paid off? Barry Armstrong, financial planner with Securities America Advisors and host of Money Matters on 830 WCRN, has more.
Full Article: http://www.myfoxboston.com/dpp/morning/manage_your_money_080609
Automatically Generated Transcript (may not be 100% accurate)
" Tuition bills -- this week. What they allowed limited options to get these account balance is off. Doreen as financial planner with securities American advisers and -- of money matters and thirty CR and -- aren't on very think so much for joining us this morning. An act in a minute -- first talk about cash for -- apparently. Went very well could not be able to get a new billion a -- while finding."
" Yet we'll get a pass today your time between now and they'll get funding. I know what price -- week it'll it'll probably -- September. And now it burned through the act and weaker to mend. Program. I'm not really in favor of ending I think the wrong thing to do to designate two billion dollar should have been -- But it is going to get it ended my word of advice anybody who had an old clunker left you better hurry. Don't know how long the next two billion -- can be gone and weaker it's not a pot belly up and -- You know I hope they don't do that need to -- they've really need to get off of the not -- if you will with throwing money problems the good news about what's going on in the automobile actors they're burning through inventory very rapidly. Even though people are coming in entered trading in for a lot more activity and or for every -- that -- rating and or another couple car car. Looked really wrong. For the month of July August and September."
" That. A college has built our view. What I prefer -- top and now we. Call. It a tough time in in on living through my --"
" The first thing you should do leave money -- and you have to at odd Madonna were talking about people who need not have any ready. Number one would be home equity line of credit that's very and then -- method of borrowing money for the student to borrow money and home equity line of credit around. Retreat a -- really much to her out how much equity having your home in a lot of people don't have a lot of equity -- now. For those people who don't have equity in their home."
" You can tap into Roth -- without penalty if you take money tax free and that call."
" Anything to remember if you forward -- You can borrow money due to four point plan. Without any act is where penalty on lol you could say you can call today at an -- Ireland collar 10000 dollars and a wire to wire -- into dollars very quickly have to pay back. But to act that money. And finally the last resort again. You have an IRA that you rolled over -- swab or fidelity that you can take money out of your -- on it. You have to attack on withdraw the tenth and penalty."
" Proved that money to. -- on talk about the topless report coming out one day but an even more important -- coming marked."
" Right we get the weekly number at 8:30 eastern time morning and number will be in the 500 dollar range people that many people jobs not in one week. 500 thou -- Some moral though the real victim. And monthly number that will reflect the idea is currently for June was nine point I sent."
" I'm predicting that tomorrow morning when he really had been it'll come in at nine point seven per cent and have not yet double -- not double digit but still rising I think you'll need the unemployment rate rise."
" Probably through the certainly through the third quarter -- right through the end of September and I don't think you -- unemployment -- down. I am a number of 2009. That's what I'm hoping we turn one number 2000."
" OK well and a light at the end of the tunnel I hope I'll I am guardedly up to thank -- now."
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