I know Dave Ramsey wouldn't agree but I think I want to cash out my 401k in order to take care of some debt
Briefly

from 24/7 Wall St.1 month ago
"Withdrawing early from your 401(k) can have severe financial repercussions, especially tax penalties that drastically reduce your savings before retirement."
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/12/i-know-dave-ramsey-wouldnt-agree-but-i-think-i-want-to-cash-out-my-401k-in-order-to-take-care-of-some-debt/
"Instead of tapping into your 401(k), consider lifestyle adjustments that can help you manage your current financial struggles without jeopardizing your future stability."
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/12/i-know-dave-ramsey-wouldnt-agree-but-i-think-i-want-to-cash-out-my-401k-in-order-to-take-care-of-some-debt/
Read at 24/7 Wall St.
#retirement-planning #financial-advice #401k-withdrawal #debt-management #personal-finance
[
|
]