capjak
Full time employment: Posting here.
Anyone own a houseboat? The kind the move on a lake, not the ones anchored in a marina.
Looking at possible retirement lifestyle on a houseboat (summer only) 2-3 nights at a time, than back home.
Any tips...did I miss anything? I owned a runabout about 20 years ago. Would want at least 2 bedrooms and 2 bath with 1 shower minimum, inverter, thrusters (60+ foot boat hard to dock), wet bar on top deck, slide out back.
Annual Fees:$11,200+
Insurance $1200
Winterize $500
Dewinterize $500
Slip Fee: $6,800 per year
Elect/Water: $1200 per year
Gas for engines/Pump outs: $1,000 per year
Maintenance every 5-10 years:10,000-12,000
Pull Boat/Engine overhaul every 10-15 years $10,000
Gel Coat 500-1000 every 5-10 years
So about $13K per year additional expense (plus upfront cost and of course decorating/accessories...) so say $15K. Plus BOAT syndrome of $1K. Budget 16K per year....hmmmm may have just changed my mind?
This would equate to about a .35% (2.3% total withdrawal rate including non cola pension, 0 SS) increased withdrawal rate as long as own the boat.
Looking at possible retirement lifestyle on a houseboat (summer only) 2-3 nights at a time, than back home.
Any tips...did I miss anything? I owned a runabout about 20 years ago. Would want at least 2 bedrooms and 2 bath with 1 shower minimum, inverter, thrusters (60+ foot boat hard to dock), wet bar on top deck, slide out back.
Annual Fees:$11,200+
Insurance $1200
Winterize $500
Dewinterize $500
Slip Fee: $6,800 per year
Elect/Water: $1200 per year
Gas for engines/Pump outs: $1,000 per year
Maintenance every 5-10 years:10,000-12,000
Pull Boat/Engine overhaul every 10-15 years $10,000
Gel Coat 500-1000 every 5-10 years
So about $13K per year additional expense (plus upfront cost and of course decorating/accessories...) so say $15K. Plus BOAT syndrome of $1K. Budget 16K per year....hmmmm may have just changed my mind?
This would equate to about a .35% (2.3% total withdrawal rate including non cola pension, 0 SS) increased withdrawal rate as long as own the boat.