Jim Cooper
Senior Member
Finally, I'm approaching my retirement age and have begun to seriously consider how much I want to spend on my retirement boat for extended cruising. I first thought the best approach was similar to buying a home - put down 15-20% and consider the monthly payment @ 20-30% of your net income. I then considered spending a given percent, say 20% of my retirement investment fund and finally, considered calculating what my total living expenses (less a boat) would be after retiring, and use the remaining funds/income to purchase & maintain the boat.
After much deliberation, I came up with the answer....the answer is....there is no right or wrong answer.
After much deliberation, I came up with the answer....the answer is....there is no right or wrong answer.