August 10, 2016 | SHOULD I USE MY 401K TO GET RID OF DEBT?
It seems simple enough-pull money out of your 401k, put it toward the debt you’ve accrued, and later down the line make up for what you took out of your 401k. Unfortunately, this solution to debt isn’t always quite so faultless. While there are some advantages to using your retirement funds for debt, there are also a number of drawbacks to be aware of. Keep reading so you can make an informed decision for your financial circumstances. HOW CAN USING MY 401K HELP ME? Perhaps the most noteworthy benefit is that your 401k is alreadyREAD MORE