Hey /rFinancialPlanning,
First off this is my first post so be gentle.
I am 25 years old and getting a new job soon and have about 22k saved in my old 401k.
Wife and I have about 30k cumulative debt collected from student loans.
New job offers 401k after a year.
My question is: Should I cash in the 401k and pay off a chunk of the debt to alleviate future interest and lower our payments or just leave it be and roll it into the new plan when I am able to?
Sorry if this is the wrong sub, if it is let me know and I will repost elsewhere.
Thanks in advance.
Submitted May 06, 2017 at 05:08PM by jansencarlin http://ift.tt/2pT7kAc
