Learn the rules and regulations in making use of 401(k) to pay off debt. Find out about the good points, bad points, and ...

Utilizing 401(k) funds to pay off a mortgage early results in less total interest paid to the lender over time. However, this advantage is strongest if you're barely into your mortgage term.

As you dip into your 401(k), this annual payment will shrink. If you take $300,000 out to pay off your mortgage, your annual growth will go from $70,000 down to $49,000.

One popular payment service that’s exempt from the 1099-K requirement, however, is Zelle, which directly connects accounts from major banks like Bank of America and Wells Fargo.

The new 1099-K tax reporting rule only applies to income you earned from third-party payment apps. The IRS is not taxing the money you send to your friends or family.

Let's say someone used their 401(k) to pay off their mortgage. If they were under age 59 1/2 when they made the withdrawal, they're automatically hit with a 10% penalty.

Circle K has launched a fleet payment mobile app alongside Car IQ, Sterling Pratz, CEO of the vehicle payment solution company, said in a statement to C-Store Dive.

Tapping retirement funds to pay off debt may have short- and long-term drawbacks. If you are facing a hardship, you may be eligible to withdraw some of your 401(k) funds without paying a penalty.

The new coronavirus stimulus package will allow Americans to withdraw from their 401(k), penalty-free. Here's why you shouldn't do so to pay off credit card debt.