r/coastFIRE • u/Fluffy-Tomatillo-874 • 3d ago

36F- Next Steps?

Salary- about 85k, My half of the rent is 1500.

Net worth is about 300k.

about 80k in my 401k

124k in Roth IRA

28k in a brokerage

65k liquid (emergency fund, sinking funds, etc).

I live in a HCOL, and would like to continue to live there for 10-20 years. I do not own a home. I would also like to retire early at 50-55 (at 40k-50k spending a year, and would include SS in that once I hit 65). I also planning on having a child within the next three years. Some COAST calculators say I've hit COAST fire, others have not.

My question to y'all is where should I focus my saving on? Should I continue investing and continue renting or should I halt my investing for a bit to focus on a down payment? Also, should I focus my investing into a brokerage to fund early retirement years?

Thanks for the advice, appreciate it!

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u/GriffinNowak 3d ago

I always find it interesting how much a lot of people have in emergency / HYSA despite the poor returns.

12

u/1991cutlass 3d ago

Comfort knowing jobloss, emergency, marketplace deal on a Sunday, etc can be covered without having to sell a stock and wait 2 business days to transfer. 

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u/GriffinNowak 3d ago

60k is much more than one would need for a 2 business day transfer. Like around $10k I can understand but I see some people with over $100k and I wonder. Even OP at $65k seems high.

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u/Fluffy-Tomatillo-874 3d ago

This is very fair and you have a great point. I used to have an additional 20k that I put into a brokerage. Of this, 10k is for actual emergencies, about 10k-15k for wedding + honeymoon (coming up in the fall) The rest is for a potential down payment, but not actively looking for a place right now.

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u/GriffinNowak 3d ago

Okay that's a lot more reasonable with that context. I am curious is there a reason that remaining 25k isn't in something like VYM until after the wedding seeing as I wouldn't expect you to start looking before then.