Business

Retirees Struggle with Debt

Updated 2026-06-27 13:25 UTC 1 source Negative

A retiree is considering dipping into their 401(k) to pay off a family member’s $30,000 credit-card debt. Experts advise against using retirement funds for non-emergencies.

Coverage timeline — 1 article

MarketWatch

‘She is retired’: Do I dip into my 401(k) to pay my mother’s $30,000 credit-card debt?

“I want her to live on her Social Security instead of using it to pay off her credit-card debt.”

2026-06-27 13:19 UTC