Should You Stop Contributing to a 401(k) During a Layoff?

Amid widespread layoffs and uncertainty fueled by rising AI investment, employees are questioning whether to reduce 401(k) contributions in favor of having more cash on hand. CFP Board Ambassador Autumn Knutson, CFP® advises prioritizing an emergency fund of three to six months’ expenses — temporarily lowering retirement contributions if needed — while noting that contributions can be increased again once income stability returns.

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