I’m pleased to present another guest post from Jim McKinley, our financial writer in residence (well, virtual residence), who always has good tips for baby boomers who want to make wise use of their travel funds — and who doesn’t?
In today’s post, Jim — a baby boomer himself — looks at several ways to save money on a trip, both leading up to and during your travels.
By Jim McKinley
Many baby boomers have more time to travel now, whether it’s because they’re empty-nesters or retirees, and they’re pursuing it with more intense interest as well, as bucket lists beckon.
The good news is that travel is good for you, with benefits for the mind and body.
You’ll stay active strolling around museums and markets, swimming in the sea, or hiking in the forest, and it’ll broaden… Continue reading
Are you getting the most mileage out of your travel credit cards?
And I don’t mean just airline miles, but other, lesser-known perks as well.
Today’s guest post from consumer writer Andrew Rombach should give you some ideas about how to leverage your travel credit cards to their maximum advantage — and make your travel experience just a bit easier and more economical as well.
By Andrew Rombach
These little-known travel benefits can save you plenty of money and make your travel a lot more convenient.
Today’s guest post examines an important topic: For those U.S. baby boomer travelers on Medicare, just exactly what kind of coverage can you expect when you’re on a trip, whether it’s in the U.S. or abroad?
Medicare expert Danielle Roberts says that all depends on where you’re going and what you’ve signed up for. Here’s her analysis:
By Danielle K Roberts
Whether you travel within the United States or to other countries, it’s important to know when Medicare travels with you and when it doesn’t.
Here are the key questions to ask yourself before setting off:
Are you going to another country?
How far outside the United States are you traveling?
Are you traveling from state to state?
Do you only have Original Medicare?
If not, what kind of Medicare plan do you have?
If you know the answers to… Continue reading
It’s often fun to fantasize about buying a vacation home.
Where I live now in the desert, my thoughts sometimes turn to owning beachfront property. When I lived in upstate New York, with its cold, snowy winters, I found myself dreaming about snapping up a little vacation spot in the tropics.
I never took the plunge into actually purchasing, but many baby boomers have — or are seriously considering it.
Today’s guest post, by Jim McKinley, offers some sound advice on what to do and think about before you sign on the dotted line. (And by the way, I’ve been told I make an excellent house guest.)
By Jim McKinley
The current housing market means that now is as good a time as ever to purchase a vacation home — preferably providing both a getaway and a good investment.
But that doesn’t mean you shouldn’t do your homework before… Continue reading
Today’s guest post, by writer Anna Kucirkova, lays out the basics of “travel hacking.” If you aren’t familiar with the concept, read on — it may help to inspire you to invest the effort it takes to start seeing the world for free, or at least less.
Baby boomers with the time to devote to forming a comprehensive strategy and with credit scores sufficiently high to become accomplished hackers may use these methods to land free flights, hotel rooms, and other travel perks.
Hacking is really no more than capitalizing on money you might spend anyway to take full advantage of all those enticing credit card offers you see on TV — and seeking out others as well.
But be sure to heed Anna’s warnings about common travel hacking mistakes. If… Continue reading
As a sequel to our posts on travel-related military discounts last year, we have a great new list of discounts for active duty and military vets thanks to the website dealhack.com. It covers a number of aspects of travel including transport, car rentals, hotels, museums and parks, restaurants, language learning, and military sign-up discounts.
You’ll find the complete list of dealhack’s military discounts (including clothing, cars and more) by going to their website; this one was compiled by writer Emma Lewis.
Amtrak: Amtrak offers an exclusive 10% military discount on the lowest available rail fare to active duty military personnel, their spouses, and dependents. All uniformed personnel and family members are also welcome to the front of any Amtrak line. Certain limitations apply (source).
Carnival Cruise Lines: Carnival Cruise Lines offers… Continue reading
Today’s guest post is by financial writer Jackie Edwards, who offers some tips on how to get your finances in order to budget for your next big trip (and beyond).
Among other tips, she cautions that while international travel isn’t just for the rich, you should approach travel as an investor would — making sure it pays off for you personally.
Good planning, choosing the right destinations, and learning about personal finance are other ways to develop a realistic travel budget. So don’t assume you can’t afford foreign travel — instead, make it happen using the resources you have (or can develop) and using them wisely.
By Jackie Edwards
The term “jet-setter” implies a person who hops around the globe, seeing places others only dream of. It’s often used in conjunction with other terms like “the wealthy”… Continue reading