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I am assuming that your 401K investment options and fees are reasonable. If there are problems with the 401K and your company does not match contributions then it would reasonable to stop contributing.

Most who have stopped contributing are probably spending the money plus paying additional income tax. Eventually, they will regret not continuing to contribute.

If your company does not match contributions then you might consider reducing your contribution and fund a ROTH IRA. Since you are convered by a 401K the income limits for a deductible IRA are low and therefore a 401K would be a better choice than a traditional IRA.

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