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Author: jennyann Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: debt or retirement Date: 7/19/1999 6:24 PM
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Looking for the right answer here. I have about 12,000 dollars in low interest credit card debt, should I cut back on my 401k contributions to pay it all off? I could cut it back to the employer match which is 6%, rather than the 12% that we contribute now. I hesitate to because we've only just started contributing last year and I want to play catch up with it. But The credit card debt prevents me from having an emergency savings or any other savings for that matter, so the 401k is all we really have. I could pay off the cards quicker and raise my contributions back up. The percentage rates are at 7.5 for both. I am currently able to throw only 600 dollars a month at this 12,000 thousand dollar weight. Any opinions?
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