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Olin married Florence Reynolds in 1930. After his retirement in 1978 Olin and Susie lived in Vermont near their sons Olin III and Samuel. Later they moved to a retirement community in Hanover, New Hampshire, where Susie died in 1993. Olin continued to travel and participate in activities related to yacht design. At the time of his death he was working on the redesign of one of his early ocean racers, in collaboration with a naval architect at S&S.

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