Hello I am 56 and have been retired for one year and love it. I have my eye on a sports car but after a life time of saving I am having a hard time coming to terms with spending money for a toy. The car is used and will cost $53,000.
My pension is $60,000 with a 3% cola
Savings is a little over a million.
Wife still working earning $85,000. She has her own pension and 403b plan
Debt consists of mortgage of 189,000 at 3.89% and $10,000 on a 2013 Cadillac that I will pay off in the next few months.
Since retirement I have taken quite a few road trips and I envision myself continuing in this sports car. I love the thrill of a performance vehicle on a twisty road. The conservative side of me says you don't need it. How have others handled spending their savings and any regrets. Thanks
My pension is $60,000 with a 3% cola
Savings is a little over a million.
Wife still working earning $85,000. She has her own pension and 403b plan
Debt consists of mortgage of 189,000 at 3.89% and $10,000 on a 2013 Cadillac that I will pay off in the next few months.
Since retirement I have taken quite a few road trips and I envision myself continuing in this sports car. I love the thrill of a performance vehicle on a twisty road. The conservative side of me says you don't need it. How have others handled spending their savings and any regrets. Thanks