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?This is generally not a preferred option, as the money in the retirement plan is, after all, designated for life in retirement years,? says Sean Fox, president of Achieve Resolution in San Mateo, California. There could also be other ways to pay off debt that don't include tapping 401(k) funds.

The short answer: It depends. If debt causes daily stress, you may consider drastic debt payoff plans. Knowing that early withdrawal from your 401(k) could cost you in extra taxes and fees, it's important to assess your financial situation and run some calculations first. Here's how to do that.

If you decide to borrow from your retirement savings, you can submit your request via the ADP Mobile App, or on your plan's Participant Website. If you decide a hardship withdrawal is right for you, you can submit and certify your request via the ADP Mobile App, or on your plan's Participant Website.

By age 59.5 (and in some cases, age 55), you will be eligible to begin withdrawing money from your 401(k) without having to pay a penalty tax. You'll simply need to contact your plan administrator or log into your account online and request a withdrawal.

All records maintained by state and local agencies are available for public inspection unless law specifically exempts them. You are entitled to access to public records under reasonable conditions, and to copies of those records upon paying the costs of making the copy.

All court records are open to the public except as restricted by federal law, state law, court rule, court order, or case law.