We have a 2007 Honda Pilot with 220,000 miles on it. It's been costing us a chunk lately to keep it running for our daughter. We spent $3000 in the past 9 months to replace parts that don't fail often (radiator, power steering pump), but also for routine work (new brakes). The blue book value is around $1000. I've wondered if we kept it too long. But, buying a used or new car isn't cheap either. Since we took care of the Pilot for all those years, we know that it's been kept up. I'm hoping that the unusual replacements are over at least for a while and that she'll get at least a couple of more years out of it.
I started reading your columns in the WSJ about 30 years ago. Thanks to the wisdom you shared, my family and I are financially secure and I can retire at 57. Thank you for making the world a better place.
Comments
Thank you for this info and your weekly in-depth articles on advanced topics!
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Thank you Adam for another insightful article.
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Thank you Bogdan. I find these columns about the nuances of finances and taxes most helpful.
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We have a 2007 Honda Pilot with 220,000 miles on it. It's been costing us a chunk lately to keep it running for our daughter. We spent $3000 in the past 9 months to replace parts that don't fail often (radiator, power steering pump), but also for routine work (new brakes). The blue book value is around $1000. I've wondered if we kept it too long. But, buying a used or new car isn't cheap either. Since we took care of the Pilot for all those years, we know that it's been kept up. I'm hoping that the unusual replacements are over at least for a while and that she'll get at least a couple of more years out of it.
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I started reading your columns in the WSJ about 30 years ago. Thanks to the wisdom you shared, my family and I are financially secure and I can retire at 57. Thank you for making the world a better place.
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If trusts can be used to avoid estate taxes, why do estate taxes matter? Can't most people simply avoid them using trusts? Thanks!
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