> Are people not saving for their retirement? Your retirement savings in the US has no fallback, except social security. So taking money out of it to buy a qui

> Are people not saving for their retirement? Your retirement savings in the US has no fallback, except social security. So taking money out of it to buy a quickly depreciating liability like a car would be a really bad plan as most financial advisers would say. It feels tempting, and on paper you may even be a millionaire who happens to feel broke all the time, but like everything in life it simply depends. > wouldn't it be better to take the money to buy the car from your savings and avoid paying interest? We bought our car a few weeks before rates were raised. The interest on our car is 4%, the interest on our savings is now 5.5%. So it worked in our favour to finance when rates were extremely low.