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IVF and $
Hi Everyone,
A little bit of background- Current debts Mortgage (<$650, we got a good deal, rent in our area is significantly more) and student loans. We have tried to be financially responsible (no CC debt, 2 cars paid off, save ect). I understand the ideal would be to save until I can afford what I want w/o additional debt. I'm at increased risk for premature ovarian failure so we are pursuing IVF while it's still an option. That being said I need help trying to decide between some options:
1. Pull out money from retirement account with 10% penalty and 20% tax
2. Use financing loan through fertility clinic with interest rate of 3.9% or above (Credit score has always been in the top tier so hopefully we'd get a decent rate) no more than 18 months
In addition we are cutting back and planing on using some savings without wiping it out. Any thoughts? TIA
Re: IVF and $
TTC since June 2012
Thanks that's a good idea, I'll look into it. Between the other two options the loan seems like the no brainer, but I don't have a good understanding of how interest like that is calculated.
We put 20% down on our house but have only
Forget about using retirement funds.
Are you financially ready should you get pregnant? - Extra medical, get nursery set up, day care or extended time off from work?
There is so much more than just getting pregnant - that is just the begin
Does your clinic accept Care Credit? It's a credit card set up for things like this, or higher priced procedures. Usually it has 0% interest for an introductory period.
Otherwise, I would take the 3.9% loan from the clinic and not touch in
TTC since 1/13 DX:PCOS 5/13 (long, anovulatory cycles)
Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
1/14 PCOS / Gluten Free Diet to hopefully regulate my system.
Chemical Pregnancy 03/14
Surprise BFP 6/14, Beta #1: 126 Beta #2: 340 Stick baby, stick! EDD 2/17/15
Riley Elaine born 2/16/15
TTC 2.0 6/15
Chemical Pregnancy 9/15
Chemical Pregnancy 6/16
BFP 9/16 EDD 6/3/17
Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
www.5yearstonever.blogspot.com