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Should I Use My 401(k) to Pay Off Debt?

A digital illustration shows a man thinking about whether to use his 401(k) to pay off debt. The image features a 401(k) document on one side, a credit card labeled "DEBT" on the other, and the question "Should I use my 401(k) to pay off debt?" at the top.

Should I Use My 401(k) to Pay Off Debt? If you’re feeling overwhelmed by credit card debt, personal loans, or medical bills, cashing out your 401(k) might seem like the responsible thing to do. After all, it’s your money—and you want to pay what you owe. It also ensures you no longer need to make […]