I am about to change jobs, I am 24 and have a little bit more than my current student loan debt saved in a retirement account. Once I leave my current employer, I basically get free reign over my retirement money. I have two options (basically): First, roll that into what my new employer will provide or use it to pay off my student loans. My student loans are at 6% fixed.
I've ran the numbers and it seems that compound interest is in favor of keeping my retirement in the retirement pool but at the same time, I want to hear the arguments for (or against) using the retirement money to pay off the student loans.
Just to be clear, I am not looking to hear retirement advice (IE put your 401k into a roth ira, etc) but rather I am looking to hear the pros and cons of using my existing retirement money to pay off the loans.
Note: I've looked at the similar questions but none really deal with already having a retirement account. That is to say most are kids fresh out of college asking if they should start saving for retirement now or later (after the loans are paid off)
Update: The retirement savings is pre-tax and there is no penalty/fees apart from income tax for using the retirement money. Also, I never really considered actually cashing out the retirement to do this but I was wondering if I was missing some rationale.