Buy a 2016 or 2017 Duramax??
My wife and I are retiring next spring and want to buy a new truck and 5th wheel to kick off our retirement. I plan to buy a GMC Denali 3500 Duramax. The big dilemma for me is do we buy a 2016 or 2017...
Forum Discussion
bertschb wrote:Deep Trax wrote:
Every retirement planner I've ever spoken with has stated that you will need at least 60% of your working income to live comfortably during your retirement years. I could not imagine going from 100% to 20%. How are you going to survive?
That 60% number really doesn't mean anything unless you use close to 100% of your working income to survive while working. Basically 80% of our income right now is disposable income. That's how we can live on 20% after we retire. We've been using our disposable income to prepare for retiring. Once we retire, we will have very little in the way of expenses so we don't need much income. Scary? Heck yeah!!! But, we have "enough". We can continue to work and make more money but we are tired of working and would rather have less money than more working.
X2, I retired at 35% and that was 12 yrs ago. The initial years didn't have much flexibility so for protection against big unexpected expenses I did get extended warranties on both vehicles and the trailer. Now, my assets have more than doubled so no worries.
