Credit card debt can feel like a heavy weight. The interest piles up, and the balance never seems to shrink. When you’re staring at a big credit card bill, it’s tempting to look at your retirement savings as a way out. After all, that money is just sitting there, right? But using retirement funds to pay off credit cards comes with real risks. Many people don’t realize the long-term impact until it’s too late. If you’re thinking about tapping into your 401(k) or IRA to clear your credit card debt, here’s what you need to know.
