Signs that you may need to pause your 401 (k) plan contributions Your income declined, but your expenses did not decrease. You're falling even deeper into credit card debt. You don't have an emergency fund and you risk losing your job completely. The end point of your 401 (k) plan contributions is when you stop working.
Remember that 401 (k) plans are sponsored by your employer, so when you retire and stop working, your days of making contributions to your 401 (k) plan will be over. However, this may not be the end of your retirement savings journey. It's generally not a good idea to stop 401 (k) plan contributions just because the market is down. Volatility can occur at any time.
Even financial experts cannot accurately predict the market. When big stock market crashes occur, it's not uncommon for investors to get nervous and switch their 401 (k) plan contributions from stocks to significantly safer funds, such as a money market. This causes them to sell stocks at a low price. What you have saved is most likely not enough.