I’m 30M with a goal of retirement in 20 years. Currently have \~340k invested in a few 401k’s, Roth IRA, taxable brokerage, and a little bit of BTC. Most of my investments are either VOO/VTI and VXUS, and target date funds for my 401ks. I currently invest about $2500 per month into the market across these accounts. I currently live in a HCOL area and have no intentions of moving anytime soon.
Given that I have a goal of retiring by 50, I’m trying to figure out whether I should be prioritizing purchasing a house and paying it down, or just continuing to invest in the market.
If I do not purchase a house, I imagine that housing expenses will be the single largest expense I have in retirement, and if rent prices keep rising, this may cause a problem for my retirement goals.
If I do buy a house, I’ll need to sell a large majority of the holdings in my taxable account, and will essentially have no liquid money besides what’s in my retirement accounts. While my retirement accounts will continue to grow, I won’t be able to access them until 60 - ten years after I intend to retire. I’m worried about not having enough money to get me through those ten years, and having to continue to work.
Just looking to get the thoughts of this community on my predicament, thanks all!