He's held off of his retirement savings but has been told by social services here that he cannot get help as long as he has resources - meaning the 401(k)& retirement savings.
He had to quit college due to inability to pay. What are people supposed to do?
I don’t know, but rather than become homeless, we took out our 401K and took the tax hit.
Sometimes you just have to do what you have to do.
I hate to tell some Freepers, but the job market is terrifying in some places. Where’s over 17% nationwide, in some places it’s over 20%. And what jobs there are, are part time and minimum wage. Not enough to keep a house going.
The .mil offers many young people both a marketable trade and congress approved programs to pay off student loans. Not everyone in the military is a combat soldier, there are mechanics and medical personnel, clerks and clergy, cooks and contractor types, legal beagles, the list is endless. It helped me get on my feet (in more ways than one!) and focus priorities. Paid off all my student loans and credit card debt, automobile loan, etc. Veterans make great civilian employees after their stint is up typically too.