Contribute to my 401(k)?

As the economy stalls and the housing market continues in crisis, many Americans are wondering where we go from here.

Consumer questions include  what to do with their money, whether they should continue to invest and what the government is going to do to help with mortgages.

Lynnette Khalfani-Cox is a personal finance expert and author known as "The Money Coach" who answered some of those questions on CNN.com/Live.

QUESTION: Is it a good time to put more money in my 401(k)?

Khalfani-Cox: One of the biggest questions for employees these days, who are in fact dealing with the job situation, dealing with the housing crisis, is what else should I be doing because of the stock market? I frankly believe it’s a huge mistake for people to stop making contributions to their 401(K), which is their employer sponsored retirement plan.

One of the biggest problems with stopping your contributions is that you never know just quite when to jump back in. For most people they make the mistake of trying to get back in the market once the tide is turned.

People typically think “Oh, once the market has recovered and I see some evidence that stocks are starting to come back, that’s when I’ll start to invest again” and by that time you’ve typically missed the boat.

Needless to say, if you stop making contributions to that 401(K) or even your 403(b) plan, you’ll also miss out on any potential employer match.

As long as you have a significant time frame ahead of you before you are facing retirement, if you have 10 plus years, I think you’ll be just fine to continue investing in your 401(K).

CNN.com/Live will have expert financial advice and news coverage throughout the day, including President Obama's address to the nation at 9 p.m. ET tonight.