Tilted Forum Project Discussion Community - View Single Post - Minimilize 401K investment to pay off CCard?

billege · 06-29-2005, 09:14 AM

Yes, they match up to 5%.

Obviously, if we drop our contrib to 1% (the lowest we can do and still stay in the plan, I think) they'll drop thier matching to 1%.

Say, we'll not contribute a total of $2025 over the 9 months, to the 401.

Of course, I know that over 40 years, that's a huge buttload more than the interest we'll save on the ccard.

The question is: Since we are in our mid 20's can we afford 2k not in there, to release $175 a month into our general cash flow.

Would that 175 make an important difference to us right now? Yes, it would.

06-29-2005, 09:14 AM	#3 (permalink)
billege Watcher Location: Ohio	Yes, they match up to 5%. Obviously, if we drop our contrib to 1% (the lowest we can do and still stay in the plan, I think) they'll drop thier matching to 1%. Say, we'll not contribute a total of $2025 over the 9 months, to the 401. Of course, I know that over 40 years, that's a huge buttload more than the interest we'll save on the ccard. The question is: Since we are in our mid 20's can we afford 2k not in there, to release $175 a month into our general cash flow. Would that 175 make an important difference to us right now? Yes, it would. __________________ I can sum up the clash of religion in one sentence: "My Invisible Friend is better than your Invisible Friend." Last edited by billege; 06-29-2005 at 09:17 AM..