Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday.

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When money is tight, it can be tough deciding what your money priorities should be. One of the biggest challenges can be balancing short-term vs. long-term needs. Watch Ken and Daria Dolan of Dolans.com help Joe, a WalletPop reader facing a money dilemma that pits his retirement vs. his debt.

Dear Ken and Daria,

I lost my job last year and have accumulated substantial credit card debt. I have over $600,000 and am 58 years old. Should I take money out of my 401(k) and pay off my debt?

--Joe

If you are in over your head, don't panic! Learn about all of your options for getting out of debt at Dolans.com.