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Suze Orman Warns Against Raiding 401(k) to Pay Credit Card Debt

Original: Suze Orman Has a Blunt Warning About Raiding Your 401(k) to Kill Credit Card Debt

Personal finance personality Suze Orman has issued a blunt warning to Americans considering withdrawing money from their 401(k) retirement accounts to pay off credit card debt. Her message: the short-term relief is outweighed by taxes, penalties and the loss of long-term retirement savings. The advice comes as many households juggle high credit card balances against their retirement funds.

Why now: High credit card debt and financial anxiety are prompting people to consider early retirement withdrawals, making expert warnings timely

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• Suze Orman Has a Blunt Warning About Raiding Your 401(k) to Kill Credit Card Debt · 24/7 Wall St.

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