I’m 29 and receive free housing through my job. If I’m able to stay here for more 30ish years, how should I be investing now to make purchasing a home after retirement with the greatest ease and fewest penalties?
Some background: I make $97k a year and only have to pay for utilities. Auto loan and student debt is about $1000 per month and will be paid off in about 2 years. I have about 80k in investments: 40k in a 457b split 50/50 between Roth and traditional, 20k in a personal traditional IRA, and 20k in class C mutual funds. I keep a small emergency fund of about 5k in the bank. I’ll receive a pension of 60% of my salary after 30 more years.
I’ll have to move from this place when I retire and buying a home with a limited or no mortgage would be a #1 for me prior to that. Should I put more money (or set aside money in a specific account for a future home buy) into mutual funds rather than retirement with this goal in mind? I would think that I’d lose a lot of money pulling from an early retirement fund to pay for a mortgage. Thanks!