Can I Take Money Out Of My 403(b) To Pay Off Debt?

Can I Take Money Out Of My 403(b) To Pay Off Debt?

Maybe you’re struggling with debt right now. Maybe you’re just annoyed with the high interest-rate your credit card provider charges you every year, so you want to pay off your debt. Then you remember you have a 403(b) retirement account and the money is just sitting there. Better to take advantage of it, you think?

“Can I take money out of my 403(b) to pay off debt?” The short answer is yes. But is it worth it? Should you even do it? Let’s explore that in this article. Read more