Should You Pay Off Credit Cards With A 401(k) Loan?


Are you making payments on your credit card balances but not making much progress in paying them down? If high interest debt is causing you to lose sleep, it can be really tempting to take a loan from your retirement plan to pay it off. It could be the step that gets you back on track financially or sends you off the financial cliff. This is a high-risk decision. How do you decide if it makes sense for you?

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