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Showing posts with the label shouldIusemy401ktopayoffdebt

Rephrased: Is Using My 401K to Repay Debt a Wise Decision?

Should you use your 401k or IRA to pay off your debt? There are several moving parts to this answer and many factors to consider. For one, what tax bracket are you in and how much tax will you pay on that distribution? Listen to some other considerations and possible alternative recommendations. If you have specific questions about your retirement and would like help getting answers, here is our Calendly link for a simple 15 minute complimentary phone call to speak with Nate. If you want to check out our services and other info about us, head on over to our website. OTHER RESOURCES Many people have so many questions around Medicare, we have a webinar that goes over some of the most frequently asked questions. You can watch it here. You can read our blog; Check us out on Social Media at; Our podcast is Retirement Rescue Radio. We also have a YouTube channel for our podcast as well. Our BOOKS authored by Nate Miller can be found on Amazon at these links; CP