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| Topic | I have $56000 in Credit Card debt and about $69000 in 401K savings |
| 2Pacavelli 05/09/24 9:02:00 PM #86: | jsb0714 posted... Wouldn't you take a big hit for using that money? Would you even get $56000 from it? That's also what I'm researching from it. I know there's a 10% penalty with withdrawal. I'm wondering if they take the 10% immediately then the extra income tax I'll later account for on my taxes. Or if they immediately take about 35-40% from it upon withdrawal. Also I'm thinking about if I may qualify for any hardship withdrawal status so I can take it out with zero penalty. Going to make some phone calls tomorrow But some good news is that I finally started receiving a few unemployment payments so that's good. Plus I have some job interviews schedule for next week. Going to do my best to land a position ... Copied to Clipboard! |
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