I am a 27 yr old single working mother and I have appr 25K in 401k funds. I also have appr 15K in credit card debt that is making it tough to pay monthly bills. At this age, should I consider cashing out my 401K and paying my ccard debt off.
I also have to consider that my daughter recently had trauma to her head and the doctor bills have yet to come in. I own two rental homes and have one car payment. Other than that, I have no debts. Please advise
Should I cash out my balance in 401K to pay off credit card debt?