My wife and I have a combined total of 14k in credit card debt. We’re both really young and just recently relocated/started new jobs. I’ve never had a 401k before but am starting one soon at work. She had a 403b at her previous job that is a total of 7k, and is also starting an another 401k at her new job. We’ve been considering withdrawing her old job’s 403b to cut our debt in half (it costs us “30% in taxes” per the 401k company). Since we have a lot of time to build up a retirement fund should we just withdraw her old fund to consolidate debt?
u/Delicious_Invite8906 — 14 days ago