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I have the same match at my company and I found that my take home pay acutally increased after making the contribution because your contribution goes into your 401k pre-tax. After you've accumulated some wealth in that 401k you can usually borrow up to half as long as you work for that same company (with some restricitons). That way you can pay off those credit cards and pay the interest to yourself or buy your next car with cash. Think of it this way, can you find any other investment that will guarantee a 100% return on day one? You will never be able to recover the lost retirement income that you are forfeiting.
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