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Old 11-03-2009, 01:31 PM   #1
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Join Date: Apr 2008
Location: Southern New jersey
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Yes, 41 and 1 new car, sounds odd! I keep my cars a long time, and don't drive many of miles. I still have my only new purchase, an '89 Toyota PU with 180,000 miles. Also a '65 Mustang, decidedly used, '99 YZF600 I actually bought new, and a 2000 K2500 to tow my Formula Ford, (Private party sale for $22,000).

I have been maxing out my 401K contribution for several years now, and never carry a credit card balance, paid off each month.

I've been putting $400 a month into a savings account for close to 2 years to make sure I can handle a monthly payment. With 10K down various purchasing costs my payment would be $435 max.
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Old 11-03-2009, 04:39 PM   #2
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Good job, SW! I am a huge advocate of a debt free lifestyle. Don't forget, you can also put an additional $5K into a Supplimental IRA each year, above and beyond your 401K, for you and your spouse (if you are married). How are those college tuition funds doing for the kids (if you have those too)?
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Old 11-04-2009, 03:57 AM   #3
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Thanks. We don't have any children, nor will we, that's why I can afford to have toys! I do have a little work to do on my wife's retirement savings, but her University retirement plan in not too bad (until they change it!).

Steve
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Old 11-04-2009, 06:31 AM   #4
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Thanks. We don't have any children, nor will we, that's why I can afford to have toys! I do have a little work to do on my wife's retirement savings, but her University retirement plan in not too bad (until they change it!).

Steve
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