Retirement allows you to go and travel the world and go where you’ve always wanted to go. Here’s a guide to travelling during retirement.
Why? Retirement is the perfect time to go and explore the world, after years of hard work you can now relax and explore – with more time and money to use.
Create a list of where you want to go:
Where have you always wanted to go? Make a list of all your favourite places to visit. You can then narrow down the list to your favourite ones or aim to travel to all of the destinations that you listed!
Plan out where you will go and during which months you plan to go away. Factor in costs and start planning as early as possible. Some decide to begin planning as early as 5 years before they retire. This will not only help you decide where you really want to go but it will also make the time before retirement much more exciting.
Most people have access to their pension during retirement, but you will need to budget carefully so that you don’t spend too much of your pension. You can also apply for an equity release from your home to give you extra funding during retirement as this will allow you to not spend too much of your pension money.
Travel insurance is important, but during your retirement it is even more important to get travel insurance. While it can sometimes be harder to find good travel insurance for seniors it can keep you safe if you experience an emergency while you are traveling. This can be useful if theft or an accident occurs. Don’t forget to stay in touch with family and friends while you are traveling and have an emergency contact number nearby in case you need it for any reason.
Meeting new people can add an extra layer of fun to your retirement travels and travelling in a group can make a holiday much more enjoyable. Spend time together, laugh, talk and explore new places to strengthen your friendships and build a closer connection with other people.
Book a holiday home:
Instead of staying in a hotel room you can rent a private holiday home and spend a lovely vacation in a place that feels more familiar. If you are spending the holidays with family or friends, booking a home can be more affordable since you can split the cost. However, holiday rental companies also offer low-cost accommodation for solo travellers or those travelling in smaller groups.
Similarly, many retired residents are now choosing to offer their homes to those who would like to rent it for a few days or weeks, giving them a way to earn an extra income, and inviting travellers to book an affordable accommodation.
Travelling is probably one of the best ways to spend your retirement. This is the time to see all the exciting places that you’ve always wanted to visit!