- Messages
- 9,885
- Location
- Oriental, NC
Not saying I agree with the law, but it exists.
I can second that. I had my car serviced at the dealership today. Three new cars on the entire lot…Went to buy a second car yesterday. Only three new cars on the lot. Lots of good used cars on the market but many commanding the price of new cars. Car prices were up 10% in April, another 8.5% in May, and another 10.5% in June. One car we looked at went up $3000 in two days.
I can second that. I had my car serviced at the dealership today. Three new cars on the entire lot…
Not endorsing Kia, nor endorsing Carvana. I simply wanted to share this link. This is a one year old car with 28k miles selling on Carvana for $42,990. The listing includes the original window sticker. The original MSRP for the car was $35,245.Went to buy a second car yesterday. Only three new cars on the lot. Lots of good used cars on the market but many commanding the price of new cars. Car prices were up 10% in April, another 8.5% in May, and another 10.5% in June. One car we looked at went up $3000 in two days.
Not endorsing Kia, nor endorsing Carvana. I simply wanted to share this link. This is a one year old car with 28k miles selling on Carvana for $42,990. The listing includes the original window sticker. The original MSRP for the car was $35,245.
2020 Kia Telluride - Carvana
Used 2020 Kia Telluride S Sport Utility 4D for $42,990 with 27,495 miles. | Carvanawww.carvana.com
This won't last forever, but it will probably take several months to a year after new car supplies are back up for the market pressure to drive the prices back down.
Not endorsing Kia, nor endorsing Carvana. I simply wanted to share this link. This is a one year old car with 28k miles selling on Carvana for $42,990. The listing includes the original window sticker. The original MSRP for the car was $35,245.
2020 Kia Telluride - Carvana
Used 2020 Kia Telluride S Sport Utility 4D for $42,990 with 27,495 miles. | Carvanawww.carvana.com
This won't last forever, but it will probably take several months to a year after new car supplies are back up for the market pressure to drive the prices back down.
It looks like you or somebody removed my post about access to the political threads. Why not just respond to my inquiry?I moved the immigration posts to their own thread—they didn’t flow with the investing discussion. I think if you were participating that you should have a link to the discussion in the notification?
There are only 4 folks banned from the political topics forum not "most of us."It looks like you or somebody removed my post about access to the political threads. Why not just respond to my inquiry?
This phenomenon is interesting. There are some used Subarus that are selling for more than when they were new.Not endorsing Kia, nor endorsing Carvana. I simply wanted to share this link. This is a one year old car with 28k miles selling on Carvana for $42,990. The listing includes the original window sticker. The original MSRP for the car was $35,245.
2020 Kia Telluride - Carvana
Used 2020 Kia Telluride S Sport Utility 4D for $42,990 with 27,495 miles. | Carvanawww.carvana.com
This won't last forever, but it will probably take several months to a year after new car supplies are back up for the market pressure to drive the prices back down.
Foresters are POPularThis phenomenon is interesting. There are some used Subarus that are selling for more than when they were new.
Kind of like those old House Hunter TV shows where the newly married couple want to buy their first home but are “limited” by their budget to $800,000.$400k/year income, $8 million saved, no debt. Can I retire early? . Where do they find these people?
We have $8 million saved for retirement, are in our early 50s and want to retire early, but are worried about healthcare expenses — what can we do?
Have a question about your own retirement savings? Email us at [email protected]www.marketwatch.com
I once worked at a factory that the owner later sold for $40million. While there, the owner was working until 2 or 3 AM, and back at 6 AM while he and his sales team were trying to land another client. A mechanic made the statement to me that he would not work that hard if he had as much money as the owner. I told the mechanic that one of those things probably has something to do with the other. I didn't specify whether the owner had that much money because he worked so hard or if the mechanic didn't have as much because he didn't work as hard.$400k/year income, $8 million saved, no debt. Can I retire early? . Where do they find these people?
We have $8 million saved for retirement, are in our early 50s and want to retire early, but are worried about healthcare expenses — what can we do?
Have a question about your own retirement savings? Email us at [email protected]www.marketwatch.com
It’s all relative but if you’re in your late 50’s and have more than $3.5M in fairly liquid assets retiring should not be an issue as long as your expenses don’t exceed about $200k/yr.$400k/year income, $8 million saved, no debt. Can I retire early? . Where do they find these people?
We have $8 million saved for retirement, are in our early 50s and want to retire early, but are worried about healthcare expenses — what can we do?
Have a question about your own retirement savings? Email us at [email protected]www.marketwatch.com
I once worked at a factory that the owner later sold for $40million. While there, the owner was working until 2 or 3 AM, and back at 6 AM while he and his sales team were trying to land another client. A mechanic made the statement to me that he would not work that hard if he had as much money as the owner. I told the mechanic that one of those things probably has something to do with the other. I didn't specify whether the owner had that much money because he worked so hard or if the mechanic didn't have as much because he didn't work as hard.
In this case, I don't think it is laughable that they are concerned. You don't typically get to $6 million in non-retirement savings without planning and executing. Now, they are looking at a possibility of a future with less certainty in their planning. In the question, they say that they estimate their yearly expenses to be in the $100k-$150k range. You should be able to generate that easily with $6 million. They are uncertain about health insurance, primarily because their current health plan is very good. I personally know a few people in their early to mid-50s who have said they would retire right now if it wasn't for potential medical expenses.
I would say for this couple, they should be able to retire now easily. However, I would suggest that they see a financial planner, and probably that they visit more than one. Go through their assets, their projected expenses, their goals, their health, etc. If they want to live on $100k a year and get a decent health care insurance plan, they are set. If they have a goal of owning a house in West Palm Beach on the sand, and $8 million net worth won't cut it.
A lot of my reaction is based on speculation, so I could be very wrong. Based on where they are financially, they probably know within $10-$20 how much they spend on groceries power month. They probably have a very tight budget a know where they dollar goes. (Tight as in strict, not necessarily thrifty). They are probably not sure how different their spending will be after they quit working. Will they travel more? Will they eat out more? Etc. If they sit down with a financial advisor who can help with experience about how habits change during retirement and with health care costs, they could come up with a budget that they are comfortable with. It doesn't matter if that budget is $75k or $300k per year. They could see in planning that they can handle it and still have their net worth grow.Well to be clear, they have $8m from which to generate passive income. And their house is fully paid for, so their net worth is likely closer to $9 million including their home. All they need is government T-bills to cover their living expenses. There are also annual out of pocket limits on healthcare expenditures, by law. So I'm not sure what they're worried about. Its likely irrational paranoia, based on the fact they don't appear to waste money today.
Years ago I signed up with a financial planner. It enabled me to retire early.
We live modestly but everything is paid for and we have zero debt. When we buy a car we pay cash. We have a five figure annual budget just for travel. Good health insurance. I can work whenever I want, if I want to. Mostly I like pursuing creative projects and volunteering.
I feel very fortunate.
This phenomenon is interesting. There are some used Subarus that are selling for more than when they were new.