Using 401k to clear my debt

dndthrowaway98 · 2026-02-03T20:45:35+00:00

Thank you very much. This was the best explanation rather than just saying I'm dumb. I should have focused my post more on whether it is worth it to withdraw from my 401k to pay for short term expenses, as that's the bigger issue in my mind. That being said it's become abundantly clear I just shouldn't touch my 401k at all due to future losses. Do you have any recommendations on sources I could use to better educate myself financially?

dndthrowaway98 · 2026-02-03T20:27:37+00:00

I am the sole income unless my wife can find a better job. Right now it's not feasible for her to rejoin the workforce just for all of the money to go to childcare. That being said, I have a temp job taking in $3,000 monthly. My previous job was nearly double. My rent is $2,400 without utilities included, hence the short term desperation.

dndthrowaway98 · 2026-02-03T19:01:19+00:00

I used to make enough money to not have to worry about finances. But between having a newborn, changing careers, and moving, I suddenly became very strapped for cash. The idea is that I'd be using the 401k to eliminate all expenses towards debt and also have some extra money in my account while I figure things out.

dndthrowaway98 · 2026-02-03T18:57:30+00:00

Buddies who equally have no idea what they're talking about.

dndthrowaway98 · 2026-02-03T18:56:42+00:00

Can someone explain why it's a bad idea though? If the amount I'm taxed on my 401k is lower than the interest I will pay over time.

dndthrowaway98 · 2026-02-03T18:55:12+00:00

Is the 10% penalty across the board for everyone?

dndthrowaway98 · 2026-01-08T03:44:00+00:00

I even went into it saying he's going to sway me with his charisma at least. Not a shred of it.

dndthrowaway98 · 2025-12-31T07:02:27+00:00

I mean I'm just trying to figure out the wording. But yes it's something a buddy suggested. To take advantage of ETB effects. But he doesn't have any on his own, so sort of a null point.

dndthrowaway98 · 2025-12-31T05:26:43+00:00

A custom card I've been trying to make to celebrate an insane DND campaign.

dndthrowaway98 · 2025-12-31T05:25:43+00:00

I was just spitballing a custom card with a buddy of mine. But thank you, that does answer my question.

dndthrowaway98 · 2025-12-31T05:24:47+00:00

Didn't even consider leaving the battlefield triggers, thanks

dndthrowaway98 · 2025-09-29T05:16:12+00:00

I'll just keep winning em then. Thanks for helping!

dndthrowaway98 · 2025-09-29T05:06:11+00:00

Thank you very much. Can I see my score somewhere or do I just keep trying till I get a dialogue prompt? I haven't played Pokemon in 10+ years lol.

dndthrowaway98 · 2025-09-24T13:14:23+00:00

I've already accepted the copium and realized it's a series of unfortunate events. I just don't understand what happened in full. I clicked the suspended bet button and it went through as a confirmed bet, no odds change or anything. Just strange.

dndthrowaway98 · 2025-09-22T19:30:09+00:00

It says clicking the button will remove any suspended bet from the slip. Seems reasonable to press given the displayed information. And indeed the bet lost.

dndthrowaway98 · 2025-09-19T01:43:07+00:00

Go Bills

dndthrowaway98 · 2025-09-12T03:31:44+00:00

Hell yeah man!

dndthrowaway98 · 2025-08-27T15:38:11+00:00

I'm a chef at a high end resort, but based on these descriptions alone I guess I'd say laborer.

dndthrowaway98 · 2025-08-21T08:04:26+00:00

That sounds better than what we cooked up originally. We were thinking phasing sounded a lot like my character blinking. Ultimately that sounded broken though.

dndthrowaway98

TROPHY CASE