Should you ever use your RRSP or TFSA to pay card debt?

By: Carmen Chai | CreditCards.com | October 25, 2017

Read More, and see what Mike Gomes says about Should you ever use your RRSP or TFSA to pay card debt?

Experts will consistently tell you that savings for your future shouldn’t be used as a lifeline, but are there any circumstances that make it worthwhile to withdraw from your retirement funds and tax-free savings accounts?

“You need to weigh the pros and cons of the decision,” says Mike Gomes, a certified financial planner at Toronto-based Ironshield. “It’s about reviewing the math and deciding what is best for you.”