Should I Pause My Retirement Contributions to Rebuild My Emergency Fund as a Self-Employed Musician?
Briefly

from 24/7 Wall St.2 weeks ago
A self-employed musician on Reddit is struggling with a dwindling emergency fund of $1,000 while contributing $900 monthly to retirement with no employer match. Given his business slowdown, many Reddit users advised him to halt these retirement contributions to bolster his emergency savings. They emphasized that worrying about finances can hinder productivity and recovery, potentially leading him into debt if another financial crisis arises without sufficient savings.
Most Reddit users agreed that pausing retirement contributions is the best course of action for the OP to rebuild his emergency fund.
24/7 Wall St.https://247wallst.com/personal-finance/2025/04/02/should-i-pause-my-retirement-contributions-to-rebuild-my-emergency-fund-as-a-self-employed-musician/
It's challenging to focus on work when preoccupied with financial uncertainties, making the need for a solid emergency fund more critical.
24/7 Wall St.https://247wallst.com/personal-finance/2025/04/02/should-i-pause-my-retirement-contributions-to-rebuild-my-emergency-fund-as-a-self-employed-musician/
Read at 24/7 Wall St.
#retirement-planning #emergency-fund #financial-advice #self-employment
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