Hi All,
Hi All,
I'm trying to decide if the best thing to do would be to buy a home (to entertain, just have a place to call my own) or to continue on track with FI.
Age:43
No dependents
Salary: $80,000
Expenses: 1400 per month (including rent- this could change due to the area becoming more popular. Most of the rent around is $1000 and up)
Food: $500 per month
401k:$320,000
Brokerage:$75,000
HSA:$6,500
Real state in the area: $280,000 and up
Property owned: $12,000 car
I'll like to Fi at 50 but I'm between buying a home and delaying FI or max out all retirement contributions and continue to save for retirement. Another option is to continue with my FI plans and after I've reached my number, then consider buying a home then; my concern is that by then, rea state in the area will be even more expensive than now.
Thank you for your replies.