Question about how you all work with scheduled major purchases in retirement.
For instance I'm expecting to pay around 30k for a car every 10 years. A number of people here have recommended putting into my RE budget something like $300-500/mo for this kind of thing.
For those of you who hold this line in your budget, do you invest this money in a special bucket, or is it just part of your overall holdings? If the latter do you just pull out $30k for the purchase when you get there?
I have some of my holdings at Betterment and they have buckets that can be set up for longer term purchases, etc.
Thanks for your thoughts!
For instance I'm expecting to pay around 30k for a car every 10 years. A number of people here have recommended putting into my RE budget something like $300-500/mo for this kind of thing.
For those of you who hold this line in your budget, do you invest this money in a special bucket, or is it just part of your overall holdings? If the latter do you just pull out $30k for the purchase when you get there?
I have some of my holdings at Betterment and they have buckets that can be set up for longer term purchases, etc.
Thanks for your thoughts!