[LongElegantLegs]

I’m in my twenties; Hubby (the worker) early thirties.

Our only debt is credit card and vehicles; under 10k, altogether. We could pay off about 60% with what’s in our 401k(not accounting for extra taxes or penalties). If we did that, we could pay off the remaining 40% in a few months.

Thanks!

[wtc911]

Leave it where it is and invest it in stocks that pay solid dividends. If you liquidate then you would miss out on your employer's match which is like saying 'no thanks' to free money.

If you can pay off 40% of your debt in a few months then why not pay off 100% of your debt in a year?

[Hoosier Catholic Momma]

Before you tap your 401K, look into Dave Ramsey for debt elimination. His program, which is very common sense, saved our financial lives. We paid off $17K, including student loans, car, and other debt, off in 22 months (we have 3 kids in Catholic school or it would have gone faster, LOL). For the first time in 15 years of marriage, we have no debt except the mortgage.