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Reply to "Reducing 401(k) contribution -- s/o"
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[quote=Anonymous]The only way this would make sense is if you calculated what you in pocket money would be (withdrawl - 10% penalty - income tax%) and then take that cash and invest it into something that would beat your return + match. Otherwise you would be throwing away a lot of money and it may be more expensive then paying down the debt. Calculate how much interest you would be paying vs. the withdrawal penalty + the income tax hit.[/quote]
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