10. Layoffs are common in this downturn. How can I prepare myself financially in case I'm laid off?
Orman: You used to be able to rely on credit cards, but since the credit industry has crashed and in many cases companies close credit lines once debt is paid off, you may be on your own. The first place that you get money, obviously, would be your emergency fund. You can also take money out of your original contribution to your Roth IRA. I would not take money out of a 401(k) plan, as 401(k) plans have protections against bankruptcy in all circumstances.