Let me be more specific. I want to pay off my debt quickly. It's about 35k student loans and I make 57k. I've read and heard some people state to stop 401k temporarily to funnel more money into debt payoff. However I get a 100% fully vested 401k match up to 6% which I max out currently.
My question is, doesn't the math work out better to just contribute the 6% with the match and then take it out and pay taxes and 10% penalty? I would still technically have money left over because of the match to go toward additional debt payoff wouldn't I? Is there a detail I'm missing?
Submitted May 04, 2017 at 04:13PM by nlink3 http://ift.tt/2p2k5uU
