Looking to Retire at 43 and Sail a Cat - What Would You Do?

[vegasandre]

Hi Everyone.
Here is my situation. I will keep it short. I will preface this by ackowledging that from many of the posts I read on her -my situation may sound like a "nice situation " for some. But its all perspective

a little about me...

OK I am 42 married, 3 kids 11/9/6. I live in Vegas and have a Catalina 350 in San Diego which we use frequently and charter when not using it.I am originally from NJ for my first 32 years. I am a Realtor listing foreclosures for the banks(so this economy- in fact for me- is hitting the lottery). I want to move away from Vegas(tired of it) and be on the ocean. land for 6-8 months ,boat for 4-6 months (or thereabouts). I have about 2 mill in liquid cash /misc hedged stocks and bonds(playing it safe)aquired over last couple years. I have a 700k house which i owe 700k (value dropped 400k so far - more to follow - hooray!).

here is what I want to do:

I would like to buy a cat in the mid 40-50 foot range-new or used and loaded. I would like to move and buy a house close to the ocean for cash in a good area with good schools. I can keep the boat some where else (caribbean ?, med?) and fly to it when we want to use it. The remainder of my money I want to safely invest and live off the interest and maybe keep the buisness going here in vegas.

what should I do?

-what kind of Cat would you look at and price range based on the assumptions I told you above.I have looked at Lagoon 44 and 50 ,leopard 46 as well as used catana's and dolphins

-where would you pick to be a good place to move based on the above.

-where would you pick as a good place to keep the boat?

-would you still work for a few more years and build the kitty even higher?

-what would you invest in to get a solid low risk 5-6% return


a couple of other things(dont get mad at me-everyone is different).

-we do not like to live frugally but dont spend crazily by any means.
-we dont want to homeschool(I hated homework as a kid and my wife would go nuts)
-we both hate cooking -but can get by(yeah I am being honest-so shoot me for it)
- I can fix things if shown once, but cant usually figure it out unless I have been shown

thanks for your help!