As we all know, 401(k) plans are a great way to save for retirement. However, if you have a lot of debt, cashing out your 401(k) is an option; but is it a good option? In this article, we will discuss all the pros and cons of using your 401(k) savings to pay off debt. We will also explore some alternative methods for paying off debt so that you don’t have to rebuild your retirement fund from scratch. Q4 2021 hedge fund letters, conferences and more What Is a 401(k)?A 401(k) plan is a retirement savings plan. The money you contribute to your 401(k) plan is not taxed until you withdraw it; in ot…