It’s that time of year again when boaters swarm their favorite bays, lakes, rivers and oceans. Many a would-be skipper may be considering whether a boat fits into their retirement plan. “It’s a lifestyle; they don’t golf, they don’t have a cottage, they’re out on the water every weekend,” says Patrick Simasko, an elder law attorney in Mount Clemens, Mich.
That said, buying a boat is a major commitment with a fair share of headaches. Someone who doesn’t put in the research might not realize what they’re getting into.
