Many people are in the same boat as they have been laid off or had their wages cut, and unemployment is backed up. As the economy continues to spiral, some people are having to pull funds from their 401(k), with some expressing the defeat they feel in doing so. Financial advisors are stating that this is not the end of your financial life and there are ways to recover. The first thing to keep in mind is that while unemployment could be taking a while to come in, you can get backpay from when you first applied. If you are unable to return most of the money back into your fund, the next three things you need to focus on are long-term investing, cutting expenses and tax-planning.