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-   -   401K withdrawal to satisfy unpaid credit card debt (https://www.askmehelpdesk.com/showthread.php?t=306743)

  • Jan 21, 2009, 12:06 PM
    sawdavid
    401K withdrawal to satisfy unpaid credit card debt
    Illness in the family over the last two years temporarily reduced income. Although incomes have risen again, credit card debt has become unmanageable. Would it be advantageous to withdraw 401K monies, which have declined in value approx 20%, and satisfy this debt.
  • Jan 27, 2009, 06:13 PM
    loopy123
    If you think that borrowing more money is going to help you, you had better be able to swim to stay away from the sharks.:rolleyes:

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