Tips for Buying a Car
DURING RETIREMENT
Maybe your decades-old car finally bit the dust. Maybe your ride got totaled by a teenager on a smartphone. Or maybe you just want a new set of wheels. There are a lot of reasons why you may find yourself
looking to buy a car, and there are a lot of questions to answer before you do.
Third, could you just pay cash? Most of us don’t have buckets of the stuff lying around, but you can always tap into an IRA or other account for the money to buy a car. Try to do half in December and half in January to split the tax penalty between two years. You could also sell off two cars and use the money they generate to buy one, which will cut down on other car- related expenses as well. The last question is, what are the hidden costs? Maintenance and repairs are just par for the course, but they don’t tell you that as you age, your insurance premiums could go up, especially after that texting teenager T-boned you. Your retirement planner should have a big-picture idea of what you should plan and watch out for when you buy a car.
The first question is, did you plan for this expense? The average American buys a new car every seven to 10 years, so if you plan on 20 years of retirement, you need to factor in at least two car purchases during that time — and possibly more. The second question is the biggest one: Where’s the money going to come from? Most people, including most retired people, will finance their new car and trade in the old one. This is a good option for people with steady retirement income, such as those drawing a pension. But it might be harder to get a loan if your income is less consistent, say, if you liquidate investment assets every month to pay the bills.
SAUSAGE AND BARLEY SOUP
WELCOME NIKKI It's been a busy year at Swerdloff Law, and there's more exciting news to share with you this month. In addition to the release of my book, we’ve recently welcomed a new team
member. I’d like to introduce you to Nikki Jaro, our new client services director.
It’s a great time of year to warm up with a cup of soup, and this comforting, guilt-free dish comes together in a flash.
Before coming to Swerdloff Law, Nikki worked as a paralegal and office administrator in estate planning and is passionate about the work she does with families. In her own words, “What I’d really like to do is bring awareness to families when setting up a family trust.” As you can tell, her goal is to bring families peace of mind when it comes to estate planning, which is what she's spent most of her adult life pursuing. Outside of work, Nikki calls herself a “complete outdoors person” and has a recommendation for you on everything outdoorsy, from hiking to parasailing (which she tried for the first time last month). With 15 years of legal experience, Nikki brings a wealth of knowledge to our office, and we are very pleased that she is joining us.
Ingredients
• Cooking spray • 6 ounces turkey breakfast sausage • 2½ cups frozen bell pepper stir-fry • 2 cups water
• 1 (14½-ounce) can Italian-style stewed tomatoes, undrained and chopped • ¼ cup uncooked quick-cooking barley • 1 cup coarsely chopped fresh baby spinach
Instructions
1. Heat a large saucepan over medium- high heat. Coat pan with cooking spray. Add sausage; cook 3 minutes or until browned. Remove from heat. 2. While sausage cooks, place stir- fry and 2 cups water in a blender; process until smooth.
3. Add stir-fry puree, tomatoes, and
barley to sausage in pan. Bring mixture to a boil over high heat; cover, reduce heat to low, and simmer 10 minutes. Stir in spinach; cook 1 minute or until spinach wilts.
Recipe courtesy of CookingLight.com.
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