Order of Importance?

Viewing 0 reply threads
  • Author
    • #257139

      I would not take my 401K out to pay off a debt. You would prob have to pay a penalty. If using 401K for retirement (I have read)if you only w/draw 4%, it will last your lifetime.
      It took me some time to get to where I could pay my April bills w/ March social security ck.

      Original Message
      From: Kristin
      To: Budget101_@yahoogroups.com
      Sent: Tuesday, April 08, 2008 10:20 AM
      Subject: Re: Budget101.com : Order of Importance?

      What if you have a large amount of debt, yet have $20,000 in retirement. Should you take out the money from a 401K to pay off the debt?

Viewing 0 reply threads
  • You must be logged in to reply to this topic.