Trump's Tariff Impacts Economy
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emergency savingsMoneywise
•Business
Business & Economics
I'm 31, making $70K and worried about a recession. Should I be doing anything differently with my 401(k) now?
70% Informative
61% of Americans think the U.S. is headed for a recession in the next 12 months .
If you’ve been steadily funding your 401(k) plan, the last thing you want is to see its value decline.
It’s not a given that the economy will land in recession territory this year , or that any recession that ensues will be drawn out.
A recession may seem like a good time to add money to your 401(k, as you can invest while the market is down.
But it's probably not the right time if you're short on emergency savings.
Ramit Sethi recently recommended building a 12-month emergency fund instead of the usual one that can cover three-to-six months ’ of expenses.
VR Score
57
Informative language
45
Neutral language
61
Article tone
informal
Language
English
Language complexity
33
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
15
Source diversity
4
Affiliate links
no affiliate links