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Sunday, April 12, 2009
Should I Stop Contributing to My 401K To Pay Off My Credit Cards
Only after you have reached the maximum employer match. Once you have reached the point where you have maxed out your employer's matching contribution then yes, you should without a doubt stop contributing so have can have more money in your paycheck to put towards paying off your credit cards. Be sure to check with your human resources department to help you figure out the max amount you need to contribute to your 401K in order to receive the full company match.
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