Filing for bankruptcy is a heavy decision to make. Consider these aspects of the process and whether an alternative solution may be better.
Tag: 401k
Should You Cash Out Your 401k Early to Pay Off Debt?
When I receive a question about cashing out the 401k to pay off debt, my short answer is generally no. The longer answer is still no as a general rule, but it may be a consideration in some very limited circumstances. Here's the rationale behind not cashing out the 401k. Sure, it may be tempting … Continue reading Should You Cash Out Your 401k Early to Pay Off Debt?
Relying on Social Security for Retirement is a BAD Idea
For nearly two generations, Americans have come to see the Social Security program as the default retirement plan for when we end our time in the workforce. Since 1935, Social Security has provided retirees with a set amount of money each month, based on what they had to pay in during their working lives. Nearly … Continue reading Relying on Social Security for Retirement is a BAD Idea
