A method and system for decoding a signal are provided. The method includes receiving a signal, where the signal includes at least one symbol; decoding the signal in stages, where each at least one symbol is decoded into at least one bit per stage, wherein a Log-Likelihood Ratio (LLR) and a path metric are determined for each possible path for each at least one bit at each stage; determining the magnitudes of the LLRs; identifying K bits of the signal with the smallest corresponding LLR magnitudes; identifying, for each of the K bits, L possible paths with the largest path metrics at each decoder stage for a user-definable number of decoder stages; performing forward and backward traces, for each of the L possible paths, to determine candidate codewords; performing a Cyclic Redundancy Check (CRC) on the candidate codewords, and stopping after a first candidate codeword passes the CRC.