Most Helpful Girl
is there a matching component from your company? If sp, that's free money and will need to be factored in. But, It usually makes most sense to pay off debt first unless you have a special low or no interests rate and have a guaranteed return on the 401k. mark in your cakendar when the special or zero rate ends so as to not start being charged their normal rates which can be as high as 30%!0
Most Helpful Guy
I take it you have a loan from your 401k. And credit card debt.
My suggestion is pay off the credit card first because you paying interest to someone else. when interest you pay to the 401k actually goes to you. so the faster you pay off the credit card the more money you save and adding extra to your retirement account so in the long run its a win win0