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Old 06-05-2023, 07:57 PM   #10
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City: Kingston Ontario
Vessel Name: On The EdJ
Vessel Model: Former 390 owner now Sundancer 380
Join Date: Dec 2017
Posts: 452
Originally Posted by Don L View Post
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
Joanne & Edward Billing
M/V On the EdJ Sundancer 380
Home Port Kingston Marina in the 1000 Islands
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