Dave Ramsey Says Paying Off Your House With a 401(k) Is a Huge Mistake

247 Wall st Millions of Americans save little or nothing for retirement and end up relying on Social Security alone. So if you’ve managed to build up a 401(k), you’re already ahead of the game. But personal-finance expert Dave Ramsey says that even those with solid savings can make one costly mistake — using their 401(k) for something other than retirement. Recently, a caller asked Ramsey if she should cash out her 401(k) to pay off credit card debt and make a down payment on a house. Her rent was risin ...