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re: Student Loans

Posted on 4/21/24 at 1:04 pm to
Posted by Dawgfanman
Member since Jun 2015
22523 posts
Posted on 4/21/24 at 1:04 pm to
If you aren’t 59.5, you’ll pay 10% penalty (worse than your interest rate) and your highest marginal rate to get the money. Almost never a good idea.
Posted by tigerbacon
Arkansas
Member since Aug 2010
3703 posts
Posted on 4/21/24 at 1:12 pm to
It’s her student loans not yours. Don’t wager your retirement for anything
Posted by Abundy007
Member since Apr 2024
5 posts
Posted on 4/21/24 at 1:12 pm to
I’m 56 will be 57 in September thank you for replying. Can you refinance your student loans? Or can you do a hardship loan from your 401k? I’m just trying to either pay her loan off of get a lower interest rate on her student loan.

Thank you
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