[William]

The #1 concern in retirement is out living your money.

Even if you have a decent amount of retirement savings, a serious health problem prior to being on Medicare can wipe out much or all of it. I had both knees replaced after 65; the total was a bit over $200k. My out of pocket was $44 for a required visit to my PCP for a checkup. I have had two eye surgeries for a problem that came out of nowhere.

My cousin had a brain tumor that could fortunately be removed. Unfortunately, she was 62 at the time and the copay wiped out much of their savings. Her retired husband had to return to work.

Just got off the phone with a long-time friend [63] that is recovering from serious cancer. The costs to date are over $2m; his out of pocket was $150k. His monthly drug/treatment costs are over $20k, he is responsible for at least $8k. Every month.

A friends wife died of cancer 10 years ago, prior to retirement. He had to borrow $200k to cover the copays until her life insurance settled.

Health is wealth.

IMHO, there has been some really bad advice on this topic. Maybe never heard the Parable of the Boiling Frog. Look it up.

Based on what I have personally seen and experienced, I would cash out both cars NOW [probably $100k+] and not do the [$30k] addition. Take the $130k and invest it somewhere safe, not the stock market at this time. Still have the '67 Camaro and the Anglia to mess with. When you retire, the money will be there. The hobby will have moved on like it always has, '60s muscle cars will have faded into the past. Car collecting is largely generational.