Hi everyone, I sought out this reddit because Im really at a loss for what to do. Im currently at a job I can no longer handle due to the stress of it. Im in the finance industry myself( on the auto side) and though the pay is great, I just cant hack it anymore. I have a 401k built up.. and if I leave my employer I know I can cash it out. I have a about 15k out on a 401k loan already.. and according to my fidelity balance it shows I have 23k showing as a vested balance( I think that is already showing the 15k loan removed from it) I have about 18k in credit card debt built up that I would love to get rid of.. so that my husband and I would only have our mortage payment to worry about.. we would be credit card debt free. However I know doing that would cause a 10%penalty fee.. and they will take give or take about 20%in taxes and give it right to the government I think( we live in TX im not sure if that makes a difference) we normall bring in about 100k a year at most. Im wanting to go back to school, and get my BA. I also read that I could use this 401k money toward education expenses and have it not be penalized since it could be deamed as a harship withdrawl.
Im looking to change jobs and work ether part time or full time reguardless... however the 401k and using it to pay off the debt is more my big question.
Any advice would be awesome.. Im at a loss for what to do right now...
Submitted May 27, 2018 at 05:28PM by Smoke_Siren https://ift.tt/2xldFM4
