Should You Use Your 401(k) to Pay Off Debt?

Tapping retirement funds to pay off debt may have short- and long-term drawbacks. If you are facing a hardship, you may be ...

Should you stop contributing to retirement while paying off debt?

Paying down debt matters, but pausing retirement contributions to do so may not be the smartest financial move.

A bigger tax hit to save in interest — why raiding your 401(k) to pay off credit cards can backfire badly

If you're thinking about using your 401(k) to pay off credit card debt, you could be making a big mistake. Learn the ...

'She is retired': Do I dip into my 401(k) to pay my mother's $30,000 credit-card debt?

“I want her to live on her Social Security instead of using it to pay off her credit-card debt.” ...

Pros and Cons of Using Your 401(k) to Pay Off Your Mortgage

Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement ...

I'm 32, unemployed, and $25K in credit card debt — now I'm considering tapping into my $50K 401(k). Is it a lifeline or a costly mistake?

If you're thinking about using your 401(k) to pay off credit card debt, you could be making a big mistake. Learn the ...
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Ask an advisor should I use my 401(k) to pay off my mortgage and free up $800 per month?

Is it smart to pay off my mortgage with money from my 401(k) and save $800 more per month? The mortgage balance is $60,000. – Robert Many people consider paying off their mortgage to be a “must do” ...
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Should You Use Your 401(k) to Pay Off Debt?

You look at your 401(k) statement and see a solid balance, just sitting there. Then you look at your credit card bill and see the 20-plus percent interest adding up … and up. You might be tempted to ...