2026 investments
- Thread starter BCClone
- Start date
No, it costs me $7k to $10k per vehicle every year to trade. So the vehicle cost per year averages $8500 a year in order to rotate buying either a new car or new truck every other year.
I barely have that much in my chore pickup with purchase and repairs and have had it 4 years. The dealership must love you. My other pickup would be below the 8500 year now also.
I may be misinterpreting your emoji but my in-laws were comfortable financially with nursing home insurance, military pension, investment income, a nice home on 20 acres bordering a river next to town and it all went to medical expense, assisted living and nursing home expenses. 98% of the expense was assisted living not nursing home or I’d been stepping to the plate sooner. I’m just factually presenting that when you are under 50 unless you’ve been down this road with parents, it’s hard to grasp the financial drain of specialty care. A memory care cost is another step up. IMO keep investing but just because you’ve got real money built up you might want to rethink that 35’ boat with 4 outboards.
It may be the successful part. If he hadnt built up enough to handle a 2500-3000/month assisted living bill. He didn’t really build much of a nest egg if that was 98% of it.
MSTR down 75% from ATH and feels like $0 is more likely than regaining the market cap last summer
The average to trade is $8500 so I do that once every two years per vehicle. The cost then is $4250 per year per vehicle and I’ll trade a ‘24 car for a ‘26 car for probably $8500. Next year I’ll trade a ‘25 truck for a ‘27 truck for on average $8500.
Yeah and I have about 9 into the chore pickup after I put new cam phasers in it. Pickups don’t lose value much in their first 10 years honestly. As long as they are 4WD and not beat up. I always find someone who couldn’t back up and got dents in a pickup for a chore pickup. People get scared of them.
“Medical expenses” for their age shouldn’t be a huge part of the equation but assisted living very much could be and those prices are only going up as more boomers age into them.
Always good to have the hard conversations when people are healthy to get paperwork in order to prevent disaster end of life care. Make sure you get a DNR very clearly stated and then also feel free to look into other options such as home care. Especially if it’s both parents. You can save a lot of money that way and have far more control.
Other options might be on the table as well but don’t want to derail the thread
So you’re averaging $17,000 every year in perpetuity for the 2 vehicles? How much does the write off save for the farm truck?
? 2500/3000 a month assisted living doesn’t exist. 98% of the nest egg went to assisted living hardly any to nursing home which is drastically higher. 2 people in assisted living for several years is eye opening.
I can name you every single one in may area that is in that area. That’s a two bedroom. A one bedroom would be less.
Dude what? The average cost is around 5-6k per month for assisted living facilities nationwide.
It’s why you don’t use them, just get home help, it’s far cheaper but people spend a lot of money to hit the easy button
Summit house, mills harbor, forest plaza. Know people or related to people in all of them.
Nationwide. One’s in north Iowa are much cheaper.
