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At 26, She Cashed Out $60,000 From Her 401(k) For Fast Food And Band Merch. Financial Auditor Tells Her '$60,000 Would Have Been $1 Million'
Yahoo Finance·2025-11-08 00:46

Presley, a 27-year-old retail manager from Houston, once had something most people her age only dream about: a 60,000401(k)balance.Butinamomentoffinancialchaos,shecashedouttheentirething.Onarecent“FinancialAudit”podcast,PresleyadmittedtopersonalfinanceYouTuberCalebHammerthatsheusedthemoneytopayoffdebt,buytakeawayandfurniture,moveapartments,andsplurgeonK−popconcertsandgifts.“That60,000 401(k) balance. But in a moment of financial chaos, she cashed out the entire thing. On a recent “Financial Audit” podcast, Presley admitted to personal finance YouTuber Caleb Hammer that she used the money to pay off debt, buy takeaway and furniture, move apartments, and splurge on K-pop concerts and gifts. “That 60,000 would have been a million dollars,” Hammer said. “Five hundred tho ...