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[quote=Anonymous][quote=Anonymous][quote=Anonymous]get an independent financial counselor to do the numbers and assess retirement and/or boat options.

Also a boat is even worse than a car in terms of resale - harder to resell and value drops more probably. [/quote]

This is where I would start. Get numbers from an expert who doesn't have an emotional connection to the situation, and see if that changes the conversation. If it doesn't, you may need to escalate to some of the other things people have suggested.[/quote]

OP, I am the person above who suggested the financial planner. My Dad had a boat when I was growing up.  I have to say, I have many fond memories of tbe time I spent sailing with him. Being out on the water (the Chesapeake Bay) was very calming.   He grew up near the water and had a small boat as a teen, so I know it made him happy too. My Mom didn’t enjoy it and din’t come very often.  At a certain age me and my siblings had other things to do.  The boat cost a lot - not only to buy but also to dock and maintain.

Back then my Dad earned the money (a lot) and my Mom didn’t work, so I’m not sure there was any dispute about money. But, neither of my parents have been big spenders - no mercedes or porsche, no vacation home, no private school tuition, no country club fees or designer handbags, etc.. My Dad saved a huge chunk of money otherwise, managed it very well in the stock market and paid in full for our higher education.

I loved the boat, but the gift of financial stability and paid college without loans was truly life changing for us kids, and for them.  They do not have to worry at all about money in retirement, although they still live modestly compared to their net worth.

Perhaps compromise by spending some money but on a boat you don’t own - go on a sailing vacation.  Rent a boat for a day, etc.  It’s not the same as owning a boat, but it’s way less maintenance.  Support him being a social sailor at Annapolis Boat Club or being a crew member on a racing team.   Take the family to sailing camp or buy tickets to sail on a tall ship, etc. [/quote]

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