Thread: Home vs Boat
View Single Post
Old 04-17-2019, 08:31 PM   #9
O C Diver
Guru
 
O C Diver's Avatar
 
City: Fort Myers, FL... Summers in the Great Lakes
Vessel Name: Slow Hand
Vessel Model: Cherubini Independence 45
Join Date: Dec 2010
Posts: 12,834
Can't and won't say what's right for you. IMO, a house or home is a necessity as you need a place to live. A boat is a luxury item. I bought my boat 5 years before my retirement and paid cash for it. When I bought my Florida home, I financed it for only 15 years so that it would be paid off when I retired. To me, financing large ticket items a few years before retirement, is asking for trouble. Too many things can happen that get your financial life turned upside down. Unfortunately, when you're near retirement, you may not have the time left to recover.

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 offline   Reply With Quote