Curt: You can always pull it off. You would be astounded by what some people are cruising in and for how little (especially the French). With that said - if it were easy everyone would do it.
The best way to plan is to take the word cruise out of it. Too personal. What would you do if you lost your job tomorrow and knew you would be unemployed for 1-2 years? What changes would you make to your budget? We found our overall budget changed very little when cruising. It was just spent differently. Also how, where and what you cruise will often determine cost. Rental income while cruising (net of the two) - a huge plus Don't hit the 401k Working while cruising - possible but a lot of people try to do that. Special skills are useful. Consult for your current company? Why not try a shorter cruise first - maybe just a year. You'll have a much better sense of what it's all about and know if both you and your wife want the lifestyle. A lot of people hate it very quickly. Can you take a sabbatical from work? Can you take several weeks vacation in the winter? Don't get hung up on going forever. pm me if you like - advice is free and worth every cent. John Sent from my iPad > On Feb 11, 2014, at 12:46 PM, Curtis <cpt.b...@gmail.com> wrote: > > Thanks for the support guys. I have a great little boat in the "East > Coast lady" the problem is, we had a plan to leave in a 5 year time > frame and now the last daughter has been excepted to the university of > South Carolina and "Mama" thinks we should pay for it out of our > 401-K. I don't know how to fix this one! I think it will change the > dynamics of the relationship of the cruise. We may not be able to > retire early or at all for that matter. I had a plan to leave in 2018 > or 2019 at the age of 55. That would give me 5 years to cruise and > make our way by savings and side work. We also will have 2 rental > properties. > The daughter's school will set us way back on the time frame. Do you > have any advice on how to overcome this hurdle? It could this costing > us at least a 3 year cruising kitty. It's not that I don't want to > send my girl to a good school. I will just have to give up my 40 year > dream to do it? Your post just made this a little real for me. I did > not mean to spat off. > So Here is the lay out. > 1) Primary resident $205,000 very good rentable property "was planning > to rent when we sail" > 2) Rental property paid off $85,000 collecting $725.00 a month "Will > continue to rent when we sail" > 3) Rental property $95,000 rented but not enough to cover mortgage. > "Will sell for a loss" > 4) $300,586.58 in $401-K can't touch till age 62 without penalty. > 'Start collecting after 5 year sail" > 5) Savings $15,000 roughly. > 6) Both the wife and I are fully vested in the SS program. > Not sure how to pull this off. Very disheartened > >> _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com
