In need of a pick me up pill (or a strong cocktail)
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|Sat, 04-27-2013 - 7:09pm|
It's been a month since I lost my job. Now comes financial issues. Went to get my car inspected. It passed, BUT I need to replace the front end pipe ($1,275.) + cabin filter ($79.99) + tax (8.75%). I can get it repaired at a nearby dealership & save a bit on the tax (7.67 vs. 8.75%). My car (Toyota Camry) is 9 yrs. old with 69,300 miles on it. I visited the Toyota dealership today to see what kind of deal I could get. They offered $5,000. for the trade in & I would trade it in for a 2009 Corolla with 24,000 miles. On top of this, my dishwasher is not working. So I'll be calling KitchenAid on Monday to get it fixed. The dishwasher is 11 months old (since we bought it just after we moved in).
Next? Wishing I could join my kids on their vacation to Australia. They are leaving May 6th.
Strategies anyone? As for my car, my husband is saying to put the repair on the credit card & he will pay it off. I was tempted to take the deal above, but I'm also contemplating if I get the car fixed, & wait until December when I turn 59 1/2, then I can take money out of my retirement without penalties & buy a used Prius or another hybrid car. The Corollas are good, but given that we're almost in retirement, I'd rather invest in a hybrid so we can save on gas. Right now with the layoff & severance package, my 401K is frozen. Staples is releasing my 401K next month, then I can do a IRA rollover. However, I still can't touch it, because I'm not 59 1/2 yet & I refuse to pay penalties 7 months before I'm eligible. Also, as for taxes, the way I see it, even if I do pull out $15,000. for a used car, our annual income will still be low because I'm not working (yet).
So please give me your thoughts on this. I can't drive much longer with a cracked front pipe & dirty cabin filter.