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Should 24-Year-Old Cash Out $13K 401(k) To Pay Off $10K In Credit Card Debt? — 'I Feel Like I Can't Breathe'
Yahoo Finance·2025-10-29 04:07

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Financial decisions often become intertwined with mental health, and for one 24-year-old worker, the stress of overwhelming debt led to the consideration of cashing out a 13,000401(k)toeliminate13,000 401(k) to eliminate 10,000 in credit card debt. Having recently quit a job because of mental health issues, the worker was facing a financial hold so deep — with maxed-out credit cards and a credit score in the 500s — that the ea ...