Laid off, should I reduce 401k contributions?
Laid off, should I reduce 401k contributions? Laid off yesterday and severance includes salary until Feb 1. Should I reduce my 401k to zero or by another amount? Early 40s and have about $450k for retirement. Work in tech and concerned job search may take a while. Have a mortgage, no kids/pets, senior parent lives with me. Edit: thank you all for the speedy advice! This thought just popped ...