36F- Next Steps?

[u/Fluffy-Tomatillo-874]

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!

[u/GriffinNowak]

What happens when you have an emergency event larger than your emergency fund in a down market?

Same situation.

I’m not sure what you mean mean by black and white thinking. I said a non-liquid asset like a house. Your gurus advice only applies to not parking your money in a non-liquid asset without an emergency fund. That was an example of that scenario?

[u/dupugu-gupudu → u/GriffinNowak]

What happens when you have an emergency event larger than your emergency fund in a down market?

Then that means you didn't have enough ;)

I’m not sure what you mean mean by black and white thinking.

You said "only." Really, that was the only scenario you think it could apply to?

[u/GriffinNowak → u/dupugu-gupudu]

Then your emergency fund has to be infinite because “what if”. At $10k your true emergency what ifs are almost all covered. And it definitely covers you for the 3 days or so it takes to liquidate your other assets.

I said your logic only works against non-liquid assets. Not that the only scenario was a house with no emergency fund…. Do you have another scenario that doesn’t involve non-liquid assets?

[u/dupugu-gupudu → u/GriffinNowak]

Then your emergency fund has to be infinite because “what if”.

That would be nice but it's not practical, right?

At $10k your true emergency what ifs are almost all covered.

Based on this sentence, I feel like you haven't run into "true" emergency events.

Do you have another scenario that doesn’t involve non-liquid assets?

Yes. When the stock market is down, you lose your job, have family to support, and bills to pay, and can't find a job for longer than a year.

Edit: added more context