We're preparing for our household income to drop by 50% next year due to potential job loss and required career training/education. Luckily we're able to cover expenses with just one of us working, but I'm trying to figure out the optimal way to maintain our investing.
Option X.) We have ~40K in a taxable investment account which I was thinking about using to fund our "structural deficit" each month. We would take home $38k(after maxing a 403b and 457), but our expenses may be around $56k for the year, so we would sell $18k from the taxable acct.
Option Y.) We would be to not fund the 403b which may leave us with a small shortfall(52k-56k), but we'd maintain the money in the taxable account (and pay $2900 more in taxes.)
There's so much unknown right now that I'm preparing for one us earning $0 for 2020, but in all likelihood we'll find a way that both of us earn something or find an additional source of income(sacrifice weekends, reduce free time.)