I am cashing out part of my 401k to pay off a credit card and to make up for not getting paid for work on Christmas day and new years day and to help make Christmas a bit better for my girls. I have another 401k plan though that I am not touching. This is the smaller one that I am pulling out.
Kevin
Bad idea. You pay taxes on your withdrawal from the 401k. Then after you repay the "loan" of your own money, which you've now paid taxes on, when you withdraw the funds down the line, you will AGAIN pay taxes on it. Worst financial thing to do. Hence the appeal of the Roth IRA for those who qualify and you do. (There better be a heck of a match from your company to make a 401k worth it in the first place-- but withdrawals from 401ks are fatal, financially.) There are many much cheaper ways. j-
as for your sitch, it's just more of the same. You are ruled & paralyzed by your fears. By the way, when you said you "passed the good job onto her"... I thought that was weird to say. You turned it down b/c it meant more work for you --- which you did not want as you once said you were "not very ambitious", and she took it as an opportunity and worked hard at it, and now she earns lots more. That's what you said a year ago. Now, the story is you did her a favor...please. Thing is, if you are revising things like this, you can imagine how she is revising. Just...God K4, you need advice from robx and gucci. No women seem able to reach you. You are so afraid of being without her but you are without her. And you survived.
M: 57 H: 60 M: 35 yrs S30,D28,D19 H off to Alaska 2006 Recon 7/07- 8/08 *2016* X = "ALASKA 2.0" GROUND HOG DAY I File D 10/16 OW DIV 2/26/2018 X marries OW 5/2016
