Originally Posted by Don L
Got no restate. Have more than enough in 401k/IRAs etc. But taking money out of them acturally works out to 20%+ loss/tax so a personal/boat loan is a better deal.
Mean this with the greatest of respect but if you need to finance a 50K boat and do not have Real estate you are probably going to run into problems as the boat needs fixing, as we all know older boats the purchase is only the beginning. I would stick to sailing and leave my retirement funds alone, just my 2 cents