Quote:
Originally Posted by goneil2024
OP offers an interesting question, however from a practical standpoint an informed answer is not knowable unless we have all the needed information, which in my view we don’t.
All too often important financial decisions are made without knowing the total financial picture.
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I have all their financial information. We built a 20 year financial projection with all variables including two houses, all taxes, IRMMA, IRA withdrawals, buying selling houses at any time, buying replacement cars, down to the monthly food bill and replacing appliances.
And you will never get their financial information, obviously that would be a breach of privacy on TOTV.
Even then, this financial question is the same as a lease versus buy financial exam question, which only involves the effects of the financing question. Anything else is immaterial. . . and all the other IRMMA points are immaterial, as stated in one of the responses.