Re: Taking money out of a Roth IRA to pay debt.. good or bad idea?
Just an idea but could you get a small loan by borrowing against your IRA? That way you don't actually touch that money and you can get a decent rate with more importantly a fixed payment that would likely be way less than your credit card payment and have a definite payoff date. Key thing to do would be A) Find out what the cc will take as a payoff amount. Often they will negotiate if you say you want to pay it off completely. That way you borrow the least amount. B) Borrow only that amount and C) Don't use the loan money for anything else but paying off the cc.
I know you didn't spend your way to this debt but nonetheless be careful not to fall into that trap while paying down the loan.
To me that makes much more sense than taking out of retirement IRA as you lose the power of compounding by doing so.