<prompt> Human: I think Im in somewhat of a unique situation or at least I didnt see any advice on the faq. Im starting a new job soon making around 100k. I currently have about 17k in credit card debts all around 20 rates. I have around 21k in my 401k.When i leave my current job should I empty out my 401k to get rid of that debt?  <response>: No. This is like taking out a 40 loan to pay off a 20 loan. When you pull it out of your 401k theyll take at least 40 of it in penalties and taxes so then it wont even pay off the debt. When you move jobs, just roll the 401k into an IRA to avoid the penalties. Making 100k, you should be able to knock out a 17k debt pretty quick if you focus on it. 