conversation: User (jes9582): "First time submitting a post here and I am looking for some advice pertaining to removing my CC debt. Nothing new as to how it happened, got my first well paying job out of college and got cocky. Looking to rectify that! :) Should I dip into my 401k or just aggressively pay off this debt over the next year or two. I have a full time position making around 85k annually and a side business that brings in roughly 20k extra profit. I am paying around ~225 a month minimum on the CC. I have a couple of other minor things financed but all are still in the 0% financing time period and all are less than ~1000. Total for other debt is maybe ~3k. Once those are paid off I plan on applying those same monthly payments towards that CC.\n\nThe alternative was what I stated earlier and that is to dip into my 401k and just kill this CC debt once and for all but I keep being told by friends and family that touching that money is not a smart move but I am not being told WHY it's not. Any help or advice would be greatly appreciated, thanks PF!"
  Self: "Don't dip into the 401k. The taxes and penalties aren't worth it - just let what's in there continue to grow.\n\nYou should aggressively pay the debt off, but at $105k/year income I'm not sure why it's going to take you "one or two" years to pay off $10k in credit card debt and $3k in other debt. I know you can get more aggressive than that! :P"
  