Emergency funds for possible RIF
Current federal employee with tenure which doesn’t mean much now. With 8 years of fed service, I’m still planning for a possible reduction in force (RIF). Luckily, I have a healthy emergency fund of $85-95k and can tap into stocks if I needed to if I’m RIF’ed. No student loans or kids and partner is non-fed so we can go on their health insurance. HCOL with a good mortgage rate. I’ve always been conservative with finances and clamped down on discretionary spending since Jan 20.
While obviously not something any of us wants, I’m bracing and planning for a longterm RIF and possible unemployment for several years. Not counting on reinstatement or backpay.
What strategies are other people looking at to survive this? Do you think it’s better to boost emergency savings or stocks for better returns that can be sold? I’m not touching my TSP.