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[world-cruising] Re: Retirement and boat materials

From: cirejay (no email)
Date: Thu Mar 03 2005 - 18:56:46 EST

  • Next message: Phil Sherwood: "Re: [world-cruising] Retirement and boat materials"

    Actually, I meant that I was in agreement with James. Sorry, just
    got home from work and my brain's not in gear yet.
    eric S/V Nebaras

    --- In , "cirejay" <cirejay at h dot dot dot >
    wrote:
    >
    > Worry about yourself, Bill, because I'm in complete agreement:-)
    > Reading is great, and important, but one has got to do it.
    > eric S/V Nebaras
    >
    >
    > --- In , "Baumgart, James"
    > <james dot baumgart at s dot dot dot > wrote:
    > > Hi Bill, I find myself in a similar situation, except I live in
    > San Diego
    > > now (warm) and I've already completed a year-long cruise with my
    > family.
    > > Today I have a Catalina 25 that I sail nearly every day and take
    > on local
    > > cruises in the summer. You asked for links, so take a look at
    mine
    > > www.indiscipline.org <http://www.indiscipline.org> you'll
    find
    > my entire
    > > year-long voyage documented in words and pictures, plus lots of
    > stuff about
    > > my current 1978 Catalina 25 pocket cruiser.
    > >
    > > Everyone is different, but here is my thinking (along the lines
    of
    > the
    > > question you posed).
    > >
    > > Get a small boat now and sail it in all weather, all conditions,
    > and daysail
    > > plus go on cruises. A Catalina 25 can be had for $5000 and can
    > take you a
    > > lot of places, especially with a trailer. There's a great
    owners
    > group (I
    > > am Vice Commodore of the Catalina 25/250 National Association) at
    > > http://www.catalina25-250.org/ <http://www.catalina25-
    250.org/>
    > I love my
    > > C25 and a C25, 27 or 30 would certainly give you some
    > > sailing/cruising/maintenance experience right now without tieing
    > up a lot of
    > > money. Sail your pocket cruiser as much as possible, you'll
    need
    > the
    > > experience and to keep the dream alive. You also need to get
    alot
    > of
    > > experience with fiberglass and epoxy repairs. With a
    trailerable
    > cruiser
    > > you can go anywhere from Key West to the North Channel in Canada.
    > >
    > > You may not be able to take your loved ones on a year-long
    cruise
    > like I
    > > did, but you can certainly bareboat charter in the Carribean for
    a
    > couple of
    > > weeks each year.
    > >
    > > Get into your local racing circles and crew on as many boats as
    > possible.
    > >
    > > Read. Recent "how-to" books that you should get are "How to
    Sail
    > Around the
    > > World" Hal Roth, and "Modern Cruising" Don Dodds. Plus
    thousands
    > of others.
    > > I am never not reading a sailing book (or 3).
    > >
    > > Sell the house and everything when you retire. Buy a older,
    > fiberglass
    > > cruiser with room enough, but not too much. For me and my wife
    as
    > crew, I
    > > think it will be in the 36 to 40 foot range, with a Cal 39
    seeming
    > like a
    > > very nice choice - but there are lots out there and the choice
    of
    > the actual
    > > boat is not very important as long as you can be comfortable on
    it
    > and the
    > > structure meets the needs of your cruising destinations. So
    many
    > boats
    > > don't have adequate tankage (ex Catalian 36). Don't buy the
    boat
    > now! 1
    > > year before you leave is early enough.
    > >
    > > Lets say I'm expecting to net about $500K from the sale of my
    > small farm.
    > > I'll buy a boat for no more than $75K, and have about a $25K
    > budget for
    > > repairs and equipment. I'll put about $300K aside for buying a
    > condo for
    > > when we get back from a 5 year cruise San Diego - Carribean -
    > Europe. $100K
    > > plus my retirement income in the kitty. Expected cruising
    budget
    > is
    > > $100/day. We'll be able to stay out for 5 years till the kitty
    is
    > dry.
    > > We'll have medical insurance (early retirement - planning to
    leave
    > my
    > > Government job at 57 years old). Your numbers will be
    different,
    > but you
    > > get the idea. Don't go cruising with a house, cars, etc. you
    > can't use.
    > > Don't spend all the money on the boat and equipment. Don't buy
    a
    > boat that
    > > will take too much maintenance (wood, steel, aluminum). I'd
    stay
    > away from
    > > Ferrocement as its an unknown and unlikely to be a highly
    > performing boat.
    > > Do buy a well known boat, well maintained, well equipped, where
    > the flaws
    > > are known and fixes available. $75K to $100K gives you
    thousands
    > of
    > > choices. Don't buy new. Get a boat that performs well in light
    > air, can be
    > > reefed down for heavy, and has a decent underbody for where you
    > are going.
    > > Don't wait too long!
    > >
    > > When you get back, sell the boat, swallow the anchor, and you've
    > got maybe
    > > $350K to decide where you want to live. I'll probably get a
    condo
    > near
    > > Mission Bay and go back sailing my C25 every day until the day
    > they dump my
    > > ashes in the Pacific from its cockpit ... but who knows? Maybe
    we
    > won't
    > > come back and live in Malta or Barcelona. Maybe we'll retire in
    > Costa Rica?
    > > Live in New Zealand? Al options are open since we have money in
    > the bank
    > > and not in a house we can't use.
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > > [Non-text portions of this message have been removed]

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  • Next message: Phil Sherwood: "Re: [world-cruising] Retirement and boat materials"

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