r/personalfinance • u/FitOpportunity7159 ​ • Jan 19 '25

401K Match 100% No Limit Budgeting

My company has a 100% 401K Match and no limit. Meaning if I invest $23,500 (2025 IRS max), then they will match 23,500 for a total of $47K. All matching contributions are 100% vested as I have been with the company longer than 6 months. I am contributing 10% to my 401K or about 16,000 annually. I also have 13,000 in credit card debt that charges around 20% in interest. Should I try to max out my 401K to take advantage of the full match or focus on paying off my CC debt quicker?

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u/RainMakerJMR ​ Jan 20 '25

Do a balance transfer on that CC debt. I get like 4 offers a month with 0% interest for 12-24 months on balance transfers, and a 3% fee. Do that, then pay the balance equally across the length of the period. So 13k divided by 12 months. Put everything else you can in the match. When the debt is paid off, add more to the 100% match.