Everyone spends their retirement differently. Some people choose to live out their golden years in an aged care home, while others choose to move back in with family.
A few super-adventurous retirees even choose to travel the world in their old age, and why not! They worked hard to save up for the retirement they've always wanted, and they deserve to spend a few years off the clock.
If you're looking for a really memorable retirement, why not consider retiring on a boat with your super pot?
You could leave the rat race behind, buy yourself a nice little vessel, and live out your days sailing from port to port, meeting interesting people and taking in the sights of the world.
If that sounds appealing to you, and you decide that you'd like to buy a sailboat with your superannuation pay out, here are a few key tips to keep in mind.
Buying the boat
First and foremost, you'll need to have the funds available to actually buy the boat of your dreams. How much this will cost will depend on your individual preference, as well as the kind of environments you'll be sailing in.
A good base price to aim for is $50,000. There are vessels available for much less (and much more) than this that are capable of crossing some rough seas; however, that amount should give you a boat you can be proud of.
Sailing isn't something you can just pick up and do without a bit of practice and training beforehand. For that reason, you'll want to spend a bit of time while you're young learning the in and outs of boating, to ensure you are prepared for anything that comes your way.
Why not head down to the local yacht club and sign up for some lessons? Or, if you have an experienced boatie in the family, why not ask them for some first-hand guidance?
One of the downsides of retirement is that as the years go on, inevitably your body will start to age and your ability to sail the seven seas will diminish, even if your thirst for adventure does not.
With that in mind, you'll want to make sure you embark on your boating adventure early. Put away plenty of voluntary contributions while you're young, to ensure you have plenty in the kitty and can afford to leave the workforce while you are still physically fit.
Would you like to retire on a boat?