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Suze Orman to 50-Year-Old With $33K Divorce Debt Eyeing 401(k) Withdrawal: ‘Don’t Do It.’
Yahoo Finance· 2026-05-03 22:00
On a recent episode of Suze Orman's Women & Money, a 50-year-old caller named Andrea explained that she had $33,000 in revolving debt, mostly from divorce legal fees, plus $87,000 in a 401(k) with two existing loans against it. She wanted to do a hardship withdrawal to wipe the high-interest balances clean. Orman cut her off: "Do not, and I repeat, do not do a hardship withdrawal. Do not do another loan. Don't do it. Don't do it. Don't do it. It's a mistake. Leave it there. Just leave it there." Quick R ...