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Hi Fools - looking for some advice on which is better option to have some extra cash on hand due to potential job loss. I've got an option to do cash our refi OR leverage penalty free early ira/401K withdrawal so weighing pros and cons. I would generally thing refi would be better option as I know I will get lower rate and cash back BUT my loan amount goes up and more risk if fail to miss some payments. With so many options I'm looking for advice.

Also posted in Budgeting board but was suggested this may be a good one.

Thanks!
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