Bamaman
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
People approaching retirement need to address any assets that may need replacing in the coming years. I'm talking cars, trucks, boats, recreational vehicles. But you also need to think about your homes' roofs and HVAC systems that can cost you $10K+ each.
We started staging our purchases 5 years before we thought retirement would happen. We also took it a step farther and moved to an ultra LCOL area to a new house without any exterior maintenance required (all brick and aluminum trim.)
I was doing well until I had to replace our old travel trailer with a fifth wheel trailer--kept in the Blue Ridge Mountains. And we also bought a new Waverunner and boat since we live on the lake.
We started staging our purchases 5 years before we thought retirement would happen. We also took it a step farther and moved to an ultra LCOL area to a new house without any exterior maintenance required (all brick and aluminum trim.)
I was doing well until I had to replace our old travel trailer with a fifth wheel trailer--kept in the Blue Ridge Mountains. And we also bought a new Waverunner and boat since we live on the lake.