Article 5NZWR Should You Pay Off Credit Card Debt With Your 401K?

Should You Pay Off Credit Card Debt With Your 401K?

by
Mike Winters
from Lifehacker on (#5NZWR)
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Is it a good idea to pay off high-interest credit card debt with money from your 401(k)? Financial experts will almost always say no, but they'll also concede that there are desperate scenarios in which your retirement fund can alleviate the burden of debt, especially if you can't pay it off otherwise. Here's a look...

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