Category: 401K

Should I tap into my 401K funds before I consider bankruptcy?

No!

The most heartbreaking consultations are the ones where a client has cleaned out his or her retirement accounts to try to keep up with credit card payments or pay them down. It is tempting to take money out of your 401K to get rid of your credit card debts, but bankruptcy may be a much better option that “old you” will appreciate!

Continue reading “Should I tap into my 401K funds before I consider bankruptcy?”