Long story short, my mom had stage 3 colon cancer and was out of work for a decent amount of time and accrued a lot of credit card debt two years ago. She is a nurse, so she has a stable job at this time. Since they've waived the penalty to withdraw from a 401k through the CARES act, my mom is considering drawing enough to pay off her credit card debt. It is said that as long as you pay this back within 3 years then it will also be tax free.
Is this a good idea? Any further advice on this?
Thanks so much.
Submitted May 24, 2020 at 10:06PM by lizsav0 https://ift.tt/3edsdhl
