by vision-master » Thu 24 Apr 2008, 15:46:58
$this->bbcode_second_pass_quote('patience', 'J')oeltrout,
Yeah, I'm working on it, of necessity. My GM pension is screwed, Social Security is iffy (age 61), and my wife's savings fund at the Census Bureau is in US treasuries that we can't get until she retires. See why I don't trust paper? We barely got money out of a Janus Money Market Fund (2 weeks of delays on what should have been an overnight withdrawal), and one from Putnam Investments, who wrote us a check on CITIBANK, that took 2 weeks to clear. I'll have to work as long as I live, and have a very dim view of paper "securities".
On the fuel economy front, we never drove anything bigger than an S-10 Chevy 4 cyl. (26 mpg) since they started making them, and now have an old VW Rabbit as well (32-35 mpg). As others say here, it is overall lifetime cost that makes a vehicle cheap. My Rabbit cost me a $600 truck and $1000 boot. I can get 60,000 to 100,000 more miles out of it, and may not do that in my lifetime, at under 5,000 miles/year.
edit: Per the WSJ, buying food now pays a better return than most CD's, etc., so we're doing that, too.
One Month before you turn 62, file for Social Security. It will be there for ya. Don't wait for higher Monthy payments. I'm sure anyone 55 and older will collect. If not, our entire monetary system will have collapsed. Period.