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Subject:  Re: Emergency Fund Illusion in Retirement Date:  10/15/2019  2:30 PM
Author:  Neuromancer Number:  95582 of 99408

"I have to laugh at the 5 year life for a car. I'm a used car kind of guy. I generally buy them when they're 5 years old or so."

Yes, that's been my philosophy also.

The message of this thread should be that you still have to manage your budget in retirement. Possibly even more so than when you were working.
Your 4% and other known income (SS, pension etc.) gives you your income and you have to budget within that.
But some things won't be used up at the same rate as they were in working life.
One post mentioned several things being replaced 'twice more'.
Once you hit 65, the next item you buy with a 15 - 20 year life will possibly be the last time. You'll be 80+ by the time it needs replacing and likely will be in an entirely different frame of mind as to necessity. For instance, you might be more likely to just sell the home and move to a retirement community or already be in one so you never have to replace it. Maybe reduce to a single car etc.
Lifestyle matters a lot.
Also, you can finance things so they don't hit as a lump in a given year but simply come out of your 4% at some annual cost.
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