I guess I'm the only one here who walks the docks and wonders how all of those big boats are paid for. It's funny. On some financial forums I frequent everyone is discussing and bragging about the refi rate they just got. Here it seems the attitude is "don't even ask about money because it's no one's business." I wasn't asking for personal testimonials. Just wondering if there was an article or analysis some place that explores the question.
For us it isn't going to be about needing to finance a boat. But most of the boat funds are in accounts that will have tax consequences to cash out. So we will have to decide whether it makes more sense to take the tax hit all at once or finance and spread the reported income out over 5-10 years. The math will depend on our tax bracket, interest rates, and the returns we'd expect to gain on the funds in the interim. So some guesswork.
But there's a huge difference between a financial forum and a boat forum so it's logical there's a different reaction. People go there to talk finances, people come here to talk boats. Now, if you want to tell us your full finances, all you own, all you owe, your current income and anything else then perhaps we'll all jump in and advise you but generally people don't share that information and without it our advice wouldn't be worth much.