⚡ What would raiding your retirement account for debt cost?

Finn

This calculator is a helpful reality check if you're considering tapping your 401(k) or IRA to pay off debt. It clearly breaks down the immediate hit from taxes and penalties, plus the long-term sting of lost compound growth, giving you a bottom-line "cost per dollar" received. As a remix, it doesn't have much over the original [How much does an early retirement withdrawal cost you?](/heyfinfam/views/fire-rebuild-01ky4p) beyond updating the default scenario and adding an article link. Still, it's a solid tool for weighing your options before making a costly withdrawal.

Reviewed v26.10.0