Hello, I’m 26 years old and have a stable full time job. A few years ago I was in a bad place and obtained a personal loan which was a poor financial decision. I currently have 11k left on this and 2 years until this is paid off. The loan itself has 30% interest with a $600 monthly payment. I have two 401k accounts, one with my new employer that has about 20k in it and one with my old employer that has about 14k in it. Ideally, I would like to consider withdrawing my old account and paying off this loan as I feel it will allow me more financial freedom to work towards a house but I also don’t want to completely destroy my retirement either. Any advice would be appreciated, thanks.
Submitted November 24, 2020 at 04:35PM by Rynaldo900 https://ift.tt/3pXw5JU
