Reply
 
Thread Tools Display Modes
 
Old 12-19-2015, 11:24 AM   #41
Guru
 
Codger2's Avatar
 
City: San Diego
Country: US
Vessel Name: "Sandpiper"
Vessel Model: 2006 42' Ocean Alexander Sedan
Join Date: Oct 2007
Posts: 5,420
Quote:
Originally Posted by ksanders View Post
We're keeping the house and the boat. For us, in our situation it's a good decision, although we recognize that like any life choice, it's not best for everyone.

Here is the rational...

1. We honestly do not know if we will like cruising full time. Thats a huge issue for us as a couple. I am more optimistic, the wife is more pessimistic regarding this. We spend allot of time aboard but that is in about a week incriments now. Keeping the house allows us to explore the concept without making a "all in" decision.

2. The house is our home. We have been in it for over 20 years. It holds significant mental attachment.

3. We do not have a financial incentive or need to trade our home for our retirement boat. That did require us to make some compromises in our retirement boat though. Instead of a large passagemaker we "settled" for a Coastal Cruiser. That decision of course limited our cruising dreams, but for us it was a good decision. It did not commit us to a cruising lifestyle, and freed up resources that we can use to for example buy a snowbird house someplace warm if that's the direction we choose to go.

This "all in" concept of trading the house for a boat has much more appeal to males than females in general. Guys tend in general to be the "explorers", and gals tend to be in general the "nesters". Married guys need to keep that in mind when thinking about this stuff.
Well, what can I say? Kevin explained my rational (and my wife's) precisely! We both love boating but not to the extent that we want to give up a lot of other retirement goodies.
__________________
Advertisement

__________________
Codger2

My passion for improving my boat(s) exceeds my desire to constantly cruise them.
Codger2 is offline   Reply With Quote
Old 12-19-2015, 11:54 AM   #42
Guru
 
ancora's Avatar
 
Join Date: Dec 2007
Posts: 3,489
Retire as soon as possible. I retired at 55 and have 25 years of retirement under my belt. We bought a fixer upper "retirement" boat and it has kept me active for all these years. Ain't nothin' like messin' around with a boat to keep you "yootful" as Cousin Vinny would say.
__________________

ancora is offline   Reply With Quote
Old 12-19-2015, 11:58 AM   #43
TF Site Team
 
Baker's Avatar
 
City: League City, Tx
Country: Texas
Vessel Model: Carver 356
Join Date: Oct 2007
Posts: 5,630
^^^^^I agree as well^^^^^

Strangely, the lil woman is pretty damn optimistic about the whole thing. She is perfectly happy with the boat we have and would move aboard tomorrow. She says that without really giving it thought as she has closetS full of clothes and a shoe collection that would make Imelda Marcos jealous. I really do think she could simplify though and that is really what she likes about the boat....it forces simplification.

Anyway, I do appreciate all of your thoughts. This thread is awesome. I really am not struggling with the type of boat. I have spent most of my adult life boating and have a pretty good handle on what I want/need. And there are many boats that would satisfy me. One that stands above the crowd is a DeFever 49(44 with a cockpit). I have a hard time with just straight sundeck boats...land handling aft is a challenge. The cockpit solves that issue. And the engine room on those boats is as good as it gets in a boat that size. My current boat, and most Carvers of that era, have a very nice molded swim platform with nice molded steps and a secure rail. It totally solves the line handling problem without getting stuck with added cost simply due to boat length.

Anyway, the timeline and the thinking that go into that timeline is what I was looking for and y'all have provided some great food for thought!! I need to read this thread over and over!
__________________
Prairie 29...Perkins 4236...Sold
Mainship Pilot 30...Yanmar 4LHA-STP...Sold
Carver 356...T-Cummins 330B
Baker is offline   Reply With Quote
Old 12-19-2015, 12:16 PM   #44
Guru
 
City: gulf coast
Country: pinellas
Join Date: Jun 2014
Posts: 2,199
Keeping the dirt house is a good ideaIMO because boats depreciate dirt houses mostly don't.


If money is a consideration looking at new boats today with an idea of buying one in 4 years or so at a steep discount may work for you. I would buy my Carver 440 over again and I will always prefer the mechanical diesels. That keeps me away from new boats.
bayview is offline   Reply With Quote
Old 12-19-2015, 12:26 PM   #45
TF Site Team
 
Baker's Avatar
 
City: League City, Tx
Country: Texas
Vessel Model: Carver 356
Join Date: Oct 2007
Posts: 5,630
Quote:
Originally Posted by bayview View Post
Keeping the dirt house is a good ideaIMO because boats depreciate dirt houses mostly don't.


If money is a consideration looking at new boats today with an idea of buying one in 4 years or so at a steep discount may work for you. I would buy my Carver 440 over again and I will always prefer the mechanical diesels. That keeps me away from new boats.
It is nice to hear you speak so highly of that era of Carvers. They got a little weird(er) looking with the 455 and 456(my boat is a 356...basically the same series but smaller and not as weird looking). But the weird ones still had a very nice layout and tons of space and storage. There is a 445 around here that I want to take a look at. Not really interested in buying it...I just want to check the engine room space. There are also 3 440s in the area for sale.

What brought me to post this thread was I saw a 445 for sale and pending. The boat was REALLY clean and low time on Cummins 450C's. It sold for $125k!!!! That is a whole helluvalotta boat for the money. It sold the day it showed up. Had I came upon that boat at that price and it was still for sale, I would be a two boat owner at this very moment. And obviously pondering the possibility of that 445 being THE boat....which brings us to this thread. The problem with that thinking is that if I retire in 5-10 years, that boat will be 5-10 years older as will its systems that are "upgrades" now and potentially would have to be upgraded again. But untying the lines in a very easily paid for boat is quite attractive.

This is the boat that sold for $125k. The listing is without a lot of pics because it was made AFTER the boat sold.

http://www.yachtworld.com/boats/1998...s#.VnWUQJODGko

Also for you lurkers out there, "trawlering" is a lifestyle...and not necessarily a type of boat. Be open about boat selections and how you are going to use the boat. There are a lot of decent boats that will serve your purpose well....they just may not look like a "fishing boat"...
__________________
Prairie 29...Perkins 4236...Sold
Mainship Pilot 30...Yanmar 4LHA-STP...Sold
Carver 356...T-Cummins 330B
Baker is offline   Reply With Quote
Old 12-19-2015, 12:31 PM   #46
Senior Member
 
BrianSmith's Avatar
 
City: Wherever Smartini is
Country: USA
Vessel Name: Smartini
Vessel Model: 2002 Kristen 52' Flybridge Trawler
Join Date: Mar 2014
Posts: 157
Quote:
Originally Posted by healhustler View Post
Bake: A retirement boat ought to have a stand-up engine room. That whittles the market down quite a bit. In fact, instead of focusing on your retirement boat, how about focusing on your retirement engine room.
AMEN! The more we looked at retirement boats, the more I wanted a nice, roomy engine room. Unfortunately, in a true trawler, in our price range, we didn't find many options. The Hatteras 58 LRC from 1975 to 1981 (or '82) has a HUGE engine room, and two nice, small, non-turbocharched DD's that would be a joy to work in. If only they weren't 35 - 40 years old.
BrianSmith is offline   Reply With Quote
Old 12-19-2015, 12:40 PM   #47
TF Site Team
 
Baker's Avatar
 
City: League City, Tx
Country: Texas
Vessel Model: Carver 356
Join Date: Oct 2007
Posts: 5,630
Here you go Art....This was on the current boat and a 450 mile trip. The boat did very well. And I did NOT kick her out of bed for eating spaghetti!!!!

Ps...she'd kill me for posting this!
Attached Thumbnails
Click image for larger version

Name:	IMG_5107.jpg
Views:	74
Size:	162.6 KB
ID:	47462  
__________________
Prairie 29...Perkins 4236...Sold
Mainship Pilot 30...Yanmar 4LHA-STP...Sold
Carver 356...T-Cummins 330B
Baker is offline   Reply With Quote
Old 12-19-2015, 01:41 PM   #48
Guru
 
JDCAVE's Avatar
 
City: Lions Bay, BC
Country: Canada
Vessel Name: Phoenix Hunter
Vessel Model: Kadey Krogen 42 (1985)
Join Date: Apr 2011
Posts: 1,606
Retirement boat question...

Great advice here Tom. We were in your position 5 years ago, getting ready to retire. Unlike you, we were almost completely new to boating back then. I once had a share in a sailboat, but was otherwise very new to it. It took us 2 years to figure out which boat was best for us and our "tastes" changed. We bought "way more boat" than we needed but it was "all the boat we wanted". We looked at a lot of boats and looked at a lot of boat porn on Yachtworld. Be aware that not all of the better boats are sold on Yachtworld. Three of the better KK42's that have sold in the PNW over the past 3 years were sold privately, and one of those was ours. We were fortunate to find ours on Boat Trader. Once you have decided on the make and size, get the word out that you are interested.

As far as standup engine rooms go, I can't really comment. We don't have one, and I don't think Larry's manatee is standup. I do know several owners of KK42's who were over 80. We have only one engine and there's lots of room to move around. Hopefully boat maintenance wil keep me a "Yoot".


Jim
Sent from my iPad using Trawler Forum
JDCAVE is online now   Reply With Quote
Old 12-19-2015, 01:50 PM   #49
Art
Guru
 
Art's Avatar
 
City: SF Bay Area
Country: USA
Vessel Model: Tollycraft 34' Tri Cabin
Join Date: Feb 2011
Posts: 7,979
Quote:
Originally Posted by Baker View Post
Here you go Art....This was on the current boat and a 450 mile trip. The boat did very well. And I did NOT kick her out of bed for eating spaghetti!!!!

Ps...she'd kill me for posting this!
OMG!

I'll never tell -
Art is online now   Reply With Quote
Old 12-19-2015, 02:25 PM   #50
TF Site Team
 
Bay Pelican's Avatar
 
City: Chicago, IL
Country: USA
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,787
We keep both a land base and a 42 foot boat in the Caribbean. We seem to like both lifestyles very well, spending four to five months on the boat the rest either "home" or traveling.

Must admit the cost of the boat is much higher than the house. In part because we are outside of the US/Canada. Expense is hard to justify, but then that is always true for a boat.

About half the Eastern Caribbean cruisers have a land base, many condos or small homes. The other half live full time on their boat, or in some cases have RVs, and in other cases schedule several months of traveling each year. Eastern Caribbean cruisers are mostly sailboaters but the same percentages seem to apply to the trawlers.
__________________
Marty
Bay Pelican is offline   Reply With Quote
Old 12-19-2015, 03:03 PM   #51
Guru
 
cardude01's Avatar
 
City: Victoria TX
Country: USA
Vessel Name: Bijou
Vessel Model: 2008 Island Packet steadysailer
Join Date: Nov 2012
Posts: 3,176
Quote:
Originally Posted by Bay Pelican View Post
We keep both a land base and a 42 foot boat in the Caribbean. We seem to like both lifestyles very well, spending four to five months on the boat the rest either "home" or traveling.

Must admit the cost of the boat is much higher than the house. In part because we are outside of the US/Canada. Expense is hard to justify, but then that is always true for a boat.

About half the Eastern Caribbean cruisers have a land base, many condos or small homes. The other half live full time on their boat, or in some cases have RVs, and in other cases schedule several months of traveling each year. Eastern Caribbean cruisers are mostly sailboaters but the same percentages seem to apply to the trawlers.

Interesting. I could possibly talk the wife into something like this.

Is your home in the states? Do you come back from the Caribbean during hurricane season? Do you leave the boat on the hard somewhere during the 7-8 months on land?
cardude01 is offline   Reply With Quote
Old 12-19-2015, 03:32 PM   #52
Guru
 
Codger2's Avatar
 
City: San Diego
Country: US
Vessel Name: "Sandpiper"
Vessel Model: 2006 42' Ocean Alexander Sedan
Join Date: Oct 2007
Posts: 5,420
Quote:
Originally Posted by Baker View Post
This was on the current boat and a 450 mile trip. !
450 miles, huh? That's a lot of boring time....how did you cope with that?
__________________
Codger2

My passion for improving my boat(s) exceeds my desire to constantly cruise them.
Codger2 is offline   Reply With Quote
Old 12-19-2015, 03:47 PM   #53
Guru
 
Alaskan Sea-Duction's Avatar
 
City: Inside Passage Summer/Columbia River Winter
Country: USA
Vessel Name: Alaskan Sea-Duction
Vessel Model: 1988 M/Y Camargue YachtFisher
Join Date: Jul 2012
Posts: 3,147
Hey Baker,


To answer your original question. I am 13 days from retirement. Yep less than 2 weeks. I am 57 and we bought ASD in 2013 so I would have time to make her ours. As some TF have read, I just added the last piece of equipment (laptop). I am ready to go north. There will always be things to fix, improve etc. I gave myself a few years to get it together. Just me I guess.......
__________________
1988 M/Y Camargue Yacht Fisher
Alaskan Sea-Duction
MMSI: 338131469
Blog: http://alaskanseaduction.blogspot.com/
Alaskan Sea-Duction is offline   Reply With Quote
Old 12-19-2015, 03:54 PM   #54
Guru
 
JDCAVE's Avatar
 
City: Lions Bay, BC
Country: Canada
Vessel Name: Phoenix Hunter
Vessel Model: Kadey Krogen 42 (1985)
Join Date: Apr 2011
Posts: 1,606
Retirement boat question...

Size matters to some. I started looking at 34' CHB's but Pam nixed that in a hurry. I was concerned about handling a bigger boat, but quickly realized that, the only times you wished your boat was smaller, is when docking, waxing, doing bright work and paying for moorage. I think you'll find that Carver probably has the space you'll want.

We took it on faith that we would be ok with cruising for months on end. We said to ourselves, "we better like this or else!" We spent 10 weeks on her his past summer and had a wonderful time. That's because we chose a boat large enough to satisfy our need for space. Others are fine with something smaller. Others want something bigger. We don't go stir crazy on our boat.

Also we decided to try to buy our last boat first, even if it meant being something a lot more than we needed...and a lot more money than we initially planned on spending.


Jim
Sent from my iPad using Trawler Forum
JDCAVE is online now   Reply With Quote
Old 12-19-2015, 04:06 PM   #55
Guru
 
JDCAVE's Avatar
 
City: Lions Bay, BC
Country: Canada
Vessel Name: Phoenix Hunter
Vessel Model: Kadey Krogen 42 (1985)
Join Date: Apr 2011
Posts: 1,606
As far as timing goes, it happened that we closed the deal on the purchase the day I retired. It just worked out that way. We originally backed out of the deal, but the PO contacted us 2 months later with a lower price. We reached an agreement to purchase. Further motivation was that the value of the Canadian $ had started to decline. We locked in our money at $0.97 US. The writing was on the wall. Today the exchange is $0.7165 US.


Jim
Sent from my iPad using Trawler Forum
JDCAVE is online now   Reply With Quote
Old 12-19-2015, 04:36 PM   #56
TF Site Team
 
Bay Pelican's Avatar
 
City: Chicago, IL
Country: USA
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,787
Quote:
Originally Posted by cardude01 View Post
Interesting. I could possibly talk the wife into something like this.

Is your home in the states? Do you come back from the Caribbean during hurricane season? Do you leave the boat on the hard somewhere during the 7-8 months on land?
The boat is left on the hard in the Eastern Caribbean, May though December. So far we have stored in Trinidad, Grenada, and St. Lucia. Storage costs are about the same as the SE United States, in St. Lucia 55 cents per foot per day. For storage in St. Lucia the insurance is double or triple the insurance cost for the SE United States, outside of Florida. In my case it is 2.4% of hull value. The insurance cost if storing in Trinidad (230 miles to south) is similar to the cost of the US. Grenada which is geographically in the middle is also in the middle of the insurance costs. Trinidad is considered outside of the hurricane zone.

Our land base is back in the United States, Midwest actually. We have bought a "retirement/downsized" single family home which has the master bedroom on the main floor. The area we wanted to buy in did not have a selection of upscale condos which met our needs.

We now accept that we would love to spend more time on the boat, we would love to spend more time at our land base, and we would love to travel more.
Conclusion we are very happy with our life.
__________________
Marty
Bay Pelican is offline   Reply With Quote
Old 12-19-2015, 06:05 PM   #57
Guru
 
kthoennes's Avatar
 
City: Sioux Falls, South Dakota
Country: USA
Vessel Name: Xanadu
Vessel Model: Mainship 37 Motor Yacht
Join Date: Oct 2013
Posts: 857
I have spent some time on boats with stand-up engine rooms, a world more comfortable and convenient, but I think layout and space make a huge difference too, not just whether my head touches the underside of a salon floor. In the current boat we take up the floor hatches and it's comfortable and wide open. The engine bay has a center aisle to stand on, and I can conveniently lay tools and parts on the edges of the salon floor which is waist high when I'm standing in the engine bay.

A stand-up ER is the best, but I figure as long as I don't have to turn myself into a pretzel, hang upside down for long periods or squeeze myself into spaces like a bullet in a rifle barrel, I'll be okay doing maintenence well into retirement.
kthoennes is offline   Reply With Quote
Old 12-19-2015, 06:21 PM   #58
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,262
I don't believe in borrowing money for toys. ... There are going to be a lot of post-retirees needing to dispose of their boats within the next decade. Undoubtedly there will be a lot of good used boats available then. ... Purchased my ultimate boat nine years after retirement (retired at 55) when the finances were right, having allowed investments to grow. ... Your circumstances are likely to vary from mine.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 12-19-2015, 06:38 PM   #59
TF Site Team
 
ksanders's Avatar
 
City: SEWARD ALASKA
Country: USA
Vessel Name: LISAS WAY
Vessel Model: BAYLINER 4788
Join Date: Feb 2011
Posts: 3,954
Quote:
Originally Posted by markpierce View Post
I don't believe in borrowing money for toys. ... There are going to be a lot of post-retirees needing to dispose of their boats within the next decade. Undoubtedly there will be a lot of good used boats available then. ... Purchased my ultimate boat nine years after retirement (retired at 55) when the finances were right, having allowed investments to grow. ... Your circumstances are likely to vary from mine.
Everyone has a different take on that borrowing thing.

The way I look at it is that borrowing on a large boat is like a forced savings plan where you actually get to use it while saving the money.
ksanders is offline   Reply With Quote
Old 12-19-2015, 07:07 PM   #60
Guru
 
O C Diver's Avatar
 
City: Fort Myers, FL... Summers in Crisfield, MD
Country: USA
Vessel Name: Slow Hand
Vessel Model: Cherubini Independence 45
Join Date: Dec 2010
Posts: 4,816
Quote:
Originally Posted by markpierce View Post
I don't believe in borrowing money for toys. ... There are going to be a lot of post-retirees needing to dispose of their boats within the next decade. Undoubtedly there will be a lot of good used boats available then. ... Purchased my ultimate boat nine years after retirement (retired at 55) when the finances were right, having allowed investments to grow. ... Your circumstances are likely to vary from mine.
While I agree with you and only finance a home, there are situations where a person has the money or assets to buy the boat comfortably, but taxes and penalties make it expensive to pay cash for the boat. A good example are IRAs. Using a portion of your IRA to buy a boat while you are in your 50s will involve substantial penalties and taxes. With today's low fixed interest rate loans, it can make much more sense to finance versus raising tax expensive funds.

Ted
__________________

__________________
Blog: mvslowhand.com
I'm tired of fast moves, I've got a slow groove, on my mind.....
I want to spend some time, Not come and go in a heated rush.....
"Slow Hand" by The Pointer Sisters
O C Diver is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 09:50 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012