Here’s how you can buy a spa gift bag with $100,000 or more in cash.
(If you’re thinking about buying one, let us know.)
You’ll need $50 million in cash to make this deal work.
(It will be difficult for a $100 million spa gift card to come anywhere close to this amount.)
We can help.
We can pay off your debt.
The easiest way to do this is to use an emergency savings account or an IRA.
The IRS requires that you use these accounts for a minimum of 30 days.
We know that’s a little long.
We’ve got you covered.
Here’s how to get started:Make a deposit.
Deposit at least $50 into an IRA account.
The money can’t be withdrawn.
This account is called a qualified loan.
Use your IRA to pay off some or all of your credit card debt.
You’ll need to make payments over the next 12 months.
The account is now fully funded.
(You’ll also need to pay down your existing debt.
Be sure to use your IRA or other accounts to make any payments.
This is called installment repayment.)
We can’t guarantee the amount you’ll receive.
You may have to pay taxes on the money before it’s yours.
But it’s worth it.
(We’ll help you figure out how to pay for it.)
We’ll get back to you soon.
If you have any questions about this gift card deal, don’t hesitate to contact us.
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Some opinions expressed in this article are those of the author and do not necessarily reflect those of USA TODAY.