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BouncyEgg t1_jaas5e0 wrote

The data you'd need to figure out is the interest rate on your anticipated loans.

> only 20% match rate up to 6% of salary

Worded a bit confusingly.

But anyways, at minimum, this likely means an equivalent of a ROI of at least 20%.

Unless your loan interest is near that, I wouldn't pass up on getting at least the employer match.

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TitansDaughter OP t1_jaat18m wrote

In that case would it make more sense to keep contributing to the 401K and to put any additional savings into a high yield savings account instead of a Roth IRA?

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Hambarker t1_jaazt4h wrote

This is an incorrect answer.

20% of 6% of OPs pay is nothing compared to $30k, regardless of interest rate.

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