The crushing weight of student loan debt often leads borrowers to explore unconventional repayment strategies. One such option, frequently pondered, is tapping into retirement savings, specifically a 401(k) plan. However, accessing these funds prematurely often comes with significant tax penalties and long-term financial repercussions. This exploration delves into the complexities of using 401(k) funds to pay off student loans, weighing the potential benefits against the substantial risks involved. We’ll examine the rules governing 401(k) withdrawals, explore alternative repayment strategies, and ultimately help you determine if this potentially risky move aligns with your financial goals. Understanding the intricacies of 401(k) withdrawal Read More …