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Christine BaxterChristine Baxter

Should You Raid Your 401(k) for Debt?

Thinking about using your 401(k) to wipe out credit card debt? It’s technically possible, but it’s like using your retirement piggy bank to pay today’s bills—there are big catches. You’ll face taxes, penalties, and lose out on future growth. With credit card rates sky-high, it’s tempting, but better options like debt consolidation or balance transfer cards can help without sacrificing your future. Save your 401(k) for your golden years, not your next credit card bill! #MoneyHacks #DebtFreeJourney #SmartSpending

2025-06-10
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