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Taking money out of 401k with no penalty??
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Hampton
Posted 7/4/2020 11:00 (#8353300 - in reply to #8353003)
Subject: RE: Taking money out of 401k with no penalty??


garvo - 7/4/2020 08:24

your farm ground will be your retirement-if you own some-a 401k can disappear where your farm ground will not-I would pay off your 50,000 debt and enjoy life-it's your money-to apply to where you have a need-my neighbor said his blood pressure went down after he paid some debts off-to the point he know longer needs blood pressure pills-he had small bills just like you said you have-he now cash flows everything-farms 450 acres and enjoys no borrowing-everyone handles debt different
Good Luck-nothing wrong with your idea-you might live longer with less stress


Exactly, I went trough a similar line of thought about 5 years ago. My decision may not have made sense to some as I could have “Gotten a Better Deal” doing things differently, and more money in my pocket at the end, BUT, Peace of Mind is PRICELESS, and if you are happy and comfortable, that is all that matters
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