The best part of planning for retirement is imagining yourself in your new lifestyle — Including having the freedom to travel.
By Rick Pendykoski
According to the 19th Annual Transamerica Retirement Survey, two-thirds of American workers spend heavily on travel in their first year of retirement. Many plan to travel abroad, while others may want to retire overseas. (Take a look at this abroad retirement checklist to see if the expat life is financially right for you.)
But even if you come up short on that checklist, you can still travel affordably in retirement. The key is proper planning. Here is a seven-step guide to follow:
Set Your Goals & Make a Bucket List
Spend some time thinking about your retirement goals. Those who plan for retirement are more likely to find a happy retired life than those who don’t.
Get into as many details as possible, and list the… Continue reading
One of the most common questions I’m asked about travel is “How can I afford it?”
You can certainly look for the cheapest plane or cruise tix and the best values in tours, hotels or restaurants. But you can also try setting up a budget geared toward your finances so that your overall expenses don’t swamp your ability to experience those trips you’ve always wanted to take.
Financial blogger Eric Rosenberg, who writes for the website Earnin, where a modified version of this article originally appeared, takes you through the steps you’ll need to set up the kind of budget that’s right for you.
Yes, it can sound like a bit of a drag, but today’s software makes budgeting easier — and you may find yourself in some exotic land (or wherever your desires take you) sooner… Continue reading
Thinking of retiring or moving overseas? It’s a huge step, but one that has been successfully negotiated by many expats searching for mild climates, lower costs, and simple changes of pace and cultural experiences.
The editors of International Living have compiled a list of five good-value countries that currently accept American travelers — and might make good retirement havens to boot. They also suggest specific locations/cities that welcome retirees.
Of course, it’s wise to do a number of scouting expeditions first. If you’re serious about relocating, they’re a must. But even if you’re “just browsing” and not buying, you’ll at least have a chance for a nice vacation.
As the editors stress, the current COVID situation is volatile and situations can change, so before buying your tickets be sure to check the websites of the U.S. State Department and the other countries’… Continue reading