Job has been moved to new company. What would TMG say!?
I have been with the same healthcare IT position for the past 15 years. As of last week, my position has been transferred to a contracting company due to mass layoffs within the company. I am thankful I still have a job moving forward as the majority of my colleagues will not, come August. I am not sure how long I will be with this company as I will be considered a “contractor” supporting the same systems as I do now for my current company.
I currently have a 401k and an hsa. I am contributing up to the company match into the 401k and receiving 750 into my hsa per year.
Here’s where I need help. I will have my 6 month Ffef completed next month (knock on wood I don’t need to use it!) I was planning on instantly starting step 5-6 and contribute 25%. This new company that I will be with come July, does not offer a company match whereas I’m currently receiving a 5% match for a total of 11%. They offer 401k and a roth 401k.
How should I navigate the uncertainties of a potential job loss along with investing. Should I pause additional investing moving forward for the time being to save additional cash in case of a job loss? Should I max out my hsa and open a Roth and contribute the rest to a 401k?
Btw, I am 38 with 130K in investments. I went through a divorce two years ago and can’t wait to make it grow again!
What would all you mutants do!?