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Why is it that in retirement calculators/explanation posts they always talk about getting a new car every five years as part the "moderate" retirement goals? I'm not super enthusiastic about cars but is there a reason why this is factored into most retirement plans?
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The cost of maintaining a car can't be that bad that you have to consider getting a new car every 5 years right? Also what if you live in a well connected area with trains and buses? Most people in central London don't own a car at all
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