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Morningstar

Life could be cut short': I'm 55, married and have a brain tumor. Should I splash out on a $210,000 Porsche?

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Life could be cut short': I'm 55, married and have a brain tumor. Should I splash out on a $210,000 Porsche?
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A 55-year-old man in Denver, newly retired and debt-free, is asking whether buying a custom Porsche Cayenne Turbo Electric for $210,000 is financially reckless after being diagnosed with a brain tumor. He says he and his wife split expenses equally and keep separate finances, with his wife covering him under her health insurance. His net worth is $4.3 million: $2.6 million in a traditional IRA accessed via a SEPP that pays $154,000 per year before taxes for 4.5 years, plus $1.7 million in a taxable brokerage account including a $300,000 cash reserve. He plans to pay cash and use his trade-in to reduce state sales tax. He wants to reward himself while healthy, but also preserve a legacy for his two sons and ensure the purchase is fair to his spouse.

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