Should I invest in my company's 401(k) (no match) or pay off my credit card debt (13% interest)?
by 
Anonymous
ANSWERS: 9
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Financial advisers say to pay off the credit card debt first.
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In most cases, it is preferable to pay off revolving debt first, especially since your 401(k) contributions aren't matched. However, it does depend on your situation. Many financial advisors or planners will discuss this with you free of charge. I'd recommend it.
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I have a question for you. . . Would you take money on loan from your credit card to put it in your 401(k). If you are putting it in your 401(k) and not paying off your credit card that is essentially what you are doing. Kick Visa out of the spare bedroom then invest in the 401k
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I agree with the others - pay off the credit card, then start investing again.
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Get rid of the debt first its costing you! Is there a deffinite 13% coming your way if you do invest? If not then investing is actually costing you upto 13%!
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Pay off your card first, you are paying interest on it for starters. Once you have paid that off you can contribute the equivalent amount to your 401k.
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credit card, no doubt.
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yes you can. for more info visit myfxfunds.com
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Do the following: 1.Find out what how much exactly is your credit card debt. 2.Go to your institution which has your 401K money and tell them that you want to borrow money from your 401k account to pay your credit card dept. Your credit card loan will be gone and you will be paying interest to yourself (since you borrowed the money from your 401k account)instead of making rich the credit card company. At the same time your 401k will be growing since you supplement it with your interest payments. Go for it and good luck
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