Am I making the right decision by withdrawing money from 401k?
Dear Paul! My total debt amount us $35000. I will have to pay it off by the end of this year. I am planning to purchase a home next year. I know that lenders won’t agree to lend me money if I don’t repay the debts. I am thinking to withdraw the total amount from my 401(k) account. I am young and hard working man. I can earn the money eventually. Do you think it is a good idea to withdraw the money from 401(k) account?