Hello everyone!
MMM got my life turned around and I am atoning for past spendypants blunders. I am now hell-bent on getting debt-free. All I have left is credit card debt and the balance is somewhere between eh and oh-damn.
My question is this: should I sell stock to pay off my credit card? Here are the deets: I have money coming out of my paycheck for stock purchase and my employer contributes 15% on top of this. If I sell this stock, my employer will cut off the 15% contribution for 6 months, thereby ending an instant 15% return. My credit card is currently at a very reasonable rate 5.24%.
Am I missing somethign obvious? I realize the 15% is great and much larger than 5.24%, but after my cc is gone, I can begin investing in earnest. Also, are there tax issues concerning the withdrawal that I am not considering? What factor does the ROI on the stock play (and, uh, how can I figure out what ROI I am getting on the stock). I would LOVE to kiss this cc goodbye so there is an emotional factor as well.
Thank you all so much in advance for your wisdom and expertise!
I realize I am new here and this is my first question, but I am MMM-fo-LIFE and I will be happy to help in the future when I have the knowledge instead of the question.