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Hi Sharks, I have an offer from Pwc SDC bangalore and they are providing permanent wfh. But they have not given this in writing. can anyone whi is already working at pwc tell us ? Are they gonna cal to office next year or not ? Since i might need to shift location !!! Which will be hectic !! PwC PwC India Pwc AC
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Daphne
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What does 401k mean?
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No. Bad idea. 7.5% interest is not particularly high. That money in your 401k can grow tax free for many years. You’d have to pay tax and a penalty to withdraw now.
Just make a budget to pay it off over the next 2-5 years. Perhaps $1k per month, or put half your bonus towards it each year?
Carry on contributing to your 401k, at least to get the match, and hopefully more.
How much extra cash can you scrounge each month to put towards the HELOC, and how long would it take to pay it down? Either way, you’re going to need to scrounge up that cash. If you take the 401k loan, you have it pay that back.
A. Withdraw and pay penalty (and tax?), absolutely not.
B. Loan with minimal fees and interest to yourself, maybe. Just keep in mind if you leave that amount will likely be due immediately and push you into A.