Alaskaflyer
Guru
Re: debt for a living situation...much of my current net worth is in tax-deferred accounts, the largest one I will be eligible to withdraw from next year (one can throw rocks at that investment strategy and if I had it to do over again I’d have “Roth’d” more of my savings but it’s water under the bridge at this point.) I’m fairly certain that if I did the math it would be break even or better to mortgage a >$100k boat and pay the installments than to withdraw the full value to pay “cash” and then deal with the resulting tax consequences. Maybe soon I’ll actually do the math to confirm that’s true for me. I’ve certainly known many other examples when it’s been true for others.
Just an example of how debt is not always bad.
Just an example of how debt is not always bad.