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Cashing in My 401K to Pay off Credit Cards
You have high interest credit card debt. The 401k is not making more that the credit cards are taking. The penalty with 10% off the top when taking it out ...ANSWERS
See all- Hi J., You should consult an accountant to be sure. But, I believe you pay all your capital gains taxes up front. I'd also consult an accountant about the best way ...
- DON'T DO IT! Dont cash in your future to pay off the past. You'll be creating more problems. Go to Consumer Credit Counseling Services, of New Jersey or whatever ...
- DO NOT DO IT! You will get hit so hard in taxes and penalties that you will have to take a loan just to pay that! My mom closed out hers at a previous job and she had...
