Consulting

Husband told me to stop 401k deductions for the time being. Agree?

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works at

Hard disagree. Unless you need cash ASAP.

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Lol I read this multiple times as "hard to disagree" and was SO confused.

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I increased mine, guess it depends if you need the money now.

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Same

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Double down

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The house always wins 😀

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if you need the cash then sure but no this would be a good time to keep putting in since shares are low

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NO — Continue contributing.

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What’s he smoking? Max it out now when prices are low

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HARD DISAGREE. This is the time to max out if you’re not already

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I think he was freaking out bc he runs his own business and his clients are starting to cut back and also delaying payments from 30 to 90 days. He also selling off stocks (including Apple). We only have about 2 months of emergency savings. 🤷🏻‍♀️

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Yes we had 6 months at one point and then my husband kept telling how useless it was to have all this money sitting around instead of in the market. Anyway it’s a lesson learned for us both. For me it’s to stand my ground on financial matters since I’m more risk averse than he is.

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I would agree if it’s to create an emergency savings. If it was because the market is too risky then I’d disagree.

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I don’t know if I agree with the above. It depends on your situation. If you’re concerned about layoffs keeping some of your contribution isn’t a bad move. I wouldn’t stop contributing entirely, but keeping an extra few hundred every paycheck to bulk up your emergency fund isn’t a terrible idea.

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What if we can’t pay our rent 😂

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Disagree. I'm personally doubling down.

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No

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Are you at all concerned about your job? If so, Do it. You can increase your contributions later. If not, don’t unless you need the money now. All of this would be different if you had a cushion like some of these posters seem to. But you don’t, so protect your family. It’s a long way back to the highs we had, which themselves were overinflated. You’ll miss some upside, but you have to survive now.

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My 401k has been in institutional bonds for the past month so I changed nothing. The time to stop putting money into it would have been before the crash, now there's only up in any reasonable time frame (6-12 months)

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That response seemed absent of any useful advice for OP.

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No

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