I would suggest getting a model with at least 1 or 2 snappers aboard.

I use as a rule of thumb, 4% per year is a safe withdrawal. If you are not of an age for Medicare and Social Security (65 and 66.5 sliding to 67) you can pull a bit more for a few year, but be careful. Use a calculator.

My investment management company does a Monte Carlo simulation of probabilities, updated once a year. Uses inflation growth for income needed. My parents made it to 88 and 94, so use age 95 for me. What is the percentage probability I will not run out by then? What is the most likely residual assets for my estate at death? You can calculate it as a single or a couple.

What brand boat is that?

So is the rumor that we are expecting an hourly rate increase in 6 months but MPG is based on load factor? Or did I misread that.

I agree. Do you catch and real them in while in deep water, or give them a hand to board at the dock?

Hopefully you won't need a nursing home for a very long time if ever. Because the lifespan once one goes into fully time nursing is very short (the median length of stay in a nursing home before death is five months), insurance is available at somewhat reasonable prices if you are willing to accept an exclusion clause that limits the insurance company's exposure to begin after 90 days. The longer the exclusion the lower the rates. You can protect yourself from a catastrophic bill if you're willing to accept the cost of the first three months or more.

I was thinking it needed a few ‘rod holders’ first.

Pretty sure it's a Weaver. Gorgeous boats.

​​​​​​https://www.weaverboatworks.com/

​​​​​​http://weaverprice.blogspot.com/2008/02/composite-yacht-26.html

Medicare pays for 90 days after a hospital. Otherwise zero.

I have been told half of all elderly need time in a nursing home, 4 years is a pretty good high end probability. My mom was at 4.5 years.

Be sure to look carefully at having a Home Health Aide rider. My folks had 2 year, paid for 6 hours a day, Max. They used 5 years, until my dad passed away. Initially 4 hours a day. Increased to 24/7.

At that point, a nursing home room for one is cheaper.

My folks went through all their assets, which never was much. I paid for my mother to be in a private room. I was out of pocket $250,000 beyond policy and income. I was glad to do that. YMMV

I tell my wife, load me in the car, stick a copy of my DD214 in my pocket, drive me to the nearest VA hospital, leave me at the curb and drive away.