ANSWERS: 3
  • You don't say how much is half your 401K. You also don't say anything about paying back that loan from your 401K. You do have to pay that back or face a penalty for early withdrawal. You also don't say what is the nature of your 23,000 debt. Is it all credit card debt, or is a mixture? Now, the big question. You don't ask a question. Maybe that's due to your problems with spelling and grammar.
  • I wouldn't touch the 401(k) because you'll be taxed taking it out, have to replace the funds with money you've already been taxed on, and will have to pay a 10% penalty.
  • I agree, don't touch the 401k, just not worth the penalties and tax. http://www.ezdebtcure.com

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