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401k loan/withdrawal to pay off credit card debt
401k loan/withdrawal to pay off credit card debt Long story short I find myself with about 25k in credit card debt. 8k of that is on a 0% balance transfer card, the other 17k is on the max APR. I have 30k sitting in a 401k…. Would it be a foolish idea to withdraw my 401k to payoff this debt? What about a 401k loan? I am unable to lower my expenses any further at this point in time. I understa...
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