AOL: “Hidden Expenses: Owning 2 Cars in Retirement Costs More Than You Think”
August 2, 2026, AOL — In today’s article on AOL.com, reporter Chris Adams writes, “A second car that sits most of the week is one of the quiet money leaks in retirement.”
Marguerita Cheng, certified financial planner (CFP), CEO of Blue Ocean Global Wealth, said that you should consider where you plan to live for retirement when you’re thinking about having more than one car.
“As retirees rightsize and move to continuing care retirement communities, they may also incur additional monthly fees for two parking spaces,” she said. “Alternatively, if they decide to move to an apartment or condo, they may incur either additional monthly fees or fees to purchase a parking space. I am super mindful of ensuring that the advice is appropriate for their age and stage of life.”