At 52 and $89,000 in Debt: Is Tapping My 401(k) a Smart Move?

Reported about 19 hours ago

Facing $89,000 in debt at 52 can feel overwhelming, and while accessing your 401(k) might seem like a way out, it should be a last resort due to significant long-term consequences. Options such as balance transfer credit cards, debt consolidation loans, and credit counseling offer better solutions to manage debt without jeopardizing retirement savings, which are crucial for financial security in the years ahead.

Source: YAHOO

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