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My weekend toy
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<blockquote data-quote="RUNVS?" data-source="post: 16981321" data-attributes="member: 3198"><p>Sadly, I'm also toying with the reality that I may end up selling the truck. I don't really want to, but I may have to. It will all depend on how well our IRA does over the next year. It is critical that our retirement account does well in the next quarter. The 2024 elections will be key for us as well. We cannot take another four years of Bidenomics.</p><p></p><p>My wife and I are both retired and we're now living on a fixed income. She retired back in 2013 and I retired last year. When I retired, we trimmed our expenses dramatically. We unloaded her 2019 Lincoln Nautilus and I sold both of my Harley-Davidson motorcycles, getting us down to just the 2020 F-150 and the 2017 Fusion Sport. The truck is fully paid for, and I have a clear title on it. However, we still owe about $11,500 on the Fusion. We also have a mortgage and a small home improvement loan to pay off. No medical, student loan, or credit card debt. Just the usual bills like electricity, internet, TV, water, groceries, insurance,...etc.</p><p></p><p>Half of our required income is provided through our monthly social security deposits. The other half comes from quarterly withdrawals from our IRA. So far, we've been able to sustain the principal balance of our IRA by taking just the profits. We have not been forced to sell any of our holdings at a loss. However, we all know that the markets have sucked under the Biden administration and profits are getting harder and harder to find. The next quarter is huge for us.... praying for a good "Santa Claus" bump from the retail sector.</p><p></p><p>I've got a threshold I intend to honor when it comes to our IRA balance.... a comfort zone, for lack of a better term. If we cross that threshold and go below my comfort zone, that could trigger the sale of the truck. I have no doubts that if and/or when I put it up for sale, it will sell quick. There are probably quite a few Camaro SS, Supra Turbo, Challenger R/T, Ram TRX, Scat Pack Charger, and GT Mustang owners around the Cypress / Tomball / Houston area that might be interested in upgrading to something a lot faster. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite18" alt=":ROFLMAO:" title="ROFL :ROFLMAO:" loading="lazy" data-shortname=":ROFLMAO:" /></p></blockquote><p></p>
[QUOTE="RUNVS?, post: 16981321, member: 3198"] Sadly, I'm also toying with the reality that I may end up selling the truck. I don't really want to, but I may have to. It will all depend on how well our IRA does over the next year. It is critical that our retirement account does well in the next quarter. The 2024 elections will be key for us as well. We cannot take another four years of Bidenomics. My wife and I are both retired and we're now living on a fixed income. She retired back in 2013 and I retired last year. When I retired, we trimmed our expenses dramatically. We unloaded her 2019 Lincoln Nautilus and I sold both of my Harley-Davidson motorcycles, getting us down to just the 2020 F-150 and the 2017 Fusion Sport. The truck is fully paid for, and I have a clear title on it. However, we still owe about $11,500 on the Fusion. We also have a mortgage and a small home improvement loan to pay off. No medical, student loan, or credit card debt. Just the usual bills like electricity, internet, TV, water, groceries, insurance,...etc. Half of our required income is provided through our monthly social security deposits. The other half comes from quarterly withdrawals from our IRA. So far, we've been able to sustain the principal balance of our IRA by taking just the profits. We have not been forced to sell any of our holdings at a loss. However, we all know that the markets have sucked under the Biden administration and profits are getting harder and harder to find. The next quarter is huge for us.... praying for a good "Santa Claus" bump from the retail sector. I've got a threshold I intend to honor when it comes to our IRA balance.... a comfort zone, for lack of a better term. If we cross that threshold and go below my comfort zone, that could trigger the sale of the truck. I have no doubts that if and/or when I put it up for sale, it will sell quick. There are probably quite a few Camaro SS, Supra Turbo, Challenger R/T, Ram TRX, Scat Pack Charger, and GT Mustang owners around the Cypress / Tomball / Houston area that might be interested in upgrading to something a lot faster. :ROFLMAO: [/QUOTE]
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