Originally Posted by
myrkridia
You're correct! It wouldn't be a problem as things stand right now. The thing is, I wouldn't want to be in a position to rely on premium or perhaps no longer being able to upgrade if things didn't work out. Maybe I'm too risk averse but when old timers told me the stories of FOs buying million dollar houses only to get furloughed a year later, that stuck with me.
I was just using that as an example. Sounds like you need to make a spreadsheet of your expenses. An FO at the top of the pay scale making 250-300k/year can afford a 72k annual expense on housing, max the 415C limit, contribute to a back door roth for both you and your spouse, plus save for college and pay off some extra on the mortgage.
There is a lot of slack in there. If they are furloughing senior FOs, the black swan is so deep that you probably need to worry more about how much ammo you have.