Paying off debt and growing 401K
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Paying off debt and growing 401K
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Using your 401(k) to pay off debt might feel like a solution… but it can create a bigger problem. 🌶️ You’re taking from protected retirement funds 🌶️ You may owe taxes and penalties 🌶️ And if debt creeps back, you’ve lost both the money AND the safety net Same goes for personal loans. They can simplify payments, but they don’t reduce what you owe, and they can sometimes leave you in a worse position if income doesn’t change. Every situation is different. Before making a move like this, look a
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