Use 401k to pay for school?
I'm just curious if this is a wise financial move.
I've got about $10K in there. Have not looked at cost of school. But lets assume coming out I'll be making more than I am now.
Took about 5 years to get that $10k putting in 3%. Company share is averaging $1k/yr.
What I'm looking at is that money in there is basically only growing from money put in, not from actual market growth. A faster return would be to make more, to put more in. I'm about topped out for pay, can gain maybe a buck or 2 but nothing significant. So to make more money I need a career change.
Using my 401 seems to be my best move near as I can tell.
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