Hi folks,
I'm looking for a little advice. I have a small 401k of about $4400 USD still at a previous employer. I've been in a temp position for 7 months, and just became permanent this month, so now I've started a new 401k here.
I'm about to have a new baby in less than a month, and my wife is going to stay home with the kid for at least 3 years, so I will be supporting my wife and two kids total.
I have about $4k in credit card debt that I would love to pay off, freeing up the payment amount each month.
My question is should I roll that small 401k into my new one, or pay the penalty to cash it out and pay off this debt in order to ease my current budget?
TIA
Submitted May 23, 2017 at 09:13AM by IntegralIntegrity http://ift.tt/2rMdC57
