How can I plan to travel in my retirement?
Whether you’re retired or you’ll soon be handing your final notice in, travelling is a great way to spend your new-found freedom. According to a retirement report, around four in every five retired people see travelling as a way to maintain independence, showing just how popular it can be.
Planning for your retirement travel is the best way to prepare for the future. This will ensure you can enjoy countries all over the world and tick off some bucket list experiences too. However, there’s a lot to be considered in these plans, which is why we’ve put this handy guide together.
We’ll look at all the things you need to plan ahead of time, so you’re all set for retirement travel. If this sounds like a guide for you, continue reading to find out more.
Why should I travel in my retirement?
Travel isn’t for everyone, which we understand. However, there are countless benefits to doing it. So, if you’re on the fence about travelling when you retire, here are some of the reasons why you should:
- Improve your physical health from all the movement
- Stimulate your mind as you learn about different cultures in countries around the world
- Create connections with people and make new friends
- Reduce your stress and give your mental health a boost
- Gain a sense of purpose
Start by researching where you want to go
The best place to start your travel research is to decide where you want to go. Think of the countries, cultures and cuisines you want to experience and pick a few places that you want to visit during your retirement.
By deciding where you want to go, you’ll have a better idea of how much it’ll cost and how you can reach the country.
Plan how you’ll fund your trips
Now you know where you’re going, you can start to plan your finances for the trip too. Create a budget for while you’re away, factoring in accommodation, insurance, transport costs and everyday spending to cement your budget.
Next, look at available finances and funding methods for your trip. This could come directly from your pension or those over 55 can use an equity release to travel in retirement.
Plan your itinerary
Once you are ready to go, ensure you create a good itinerary to make sure you make the most of your time while you are away. Some of the main things you’ll need to consider include which cities you want to go to in the countries, the experiences you want to try and where you’ll stay.
Once you have these, you’ll be able to start booking your epic retirement journey and get excited for your future.
