People tell you no because of long term compound loss. Imo short term 401k loans with job stability that can clear mental health from stress are fine. Especially in a questionable market that could very well trade sideways or decline. Though, if the credit card debt was induced by spending problems vs life issues then that needs fixed first.
Sampson2003 t1_jeh47v2 wrote
Reply to Cash out to pay CC off? by TransitUX
People tell you no because of long term compound loss. Imo short term 401k loans with job stability that can clear mental health from stress are fine. Especially in a questionable market that could very well trade sideways or decline. Though, if the credit card debt was induced by spending problems vs life issues then that needs fixed first.