Retirement is the perfect time to explore the world — but travel expenses can add up quickly. Here's how to enjoy your adventures while staying on track financially.
Set a Travel Budget
Before booking anything, determine how much you can comfortably spend on travel each year without impacting your long-term financial plan. Work with your advisor to factor travel into your overall retirement income strategy.
Travel Off-Peak
One of the biggest perks of retirement is flexibility. Traveling during shoulder seasons or midweek can save you 30-50% on flights, hotels, and activities.
Leverage Credit Card Rewards
If used responsibly, travel rewards credit cards can provide significant savings through points, miles, and perks like airport lounge access and travel insurance.
Consider Travel Insurance
As we age, the risk of trip cancellation due to health issues increases. A good travel insurance policy can protect your investment and give you peace of mind.
Watch Currency Exchange
When traveling internationally, avoid exchanging money at airports or hotels where rates are unfavorable. Use a credit card with no foreign transaction fees, or withdraw local currency from ATMs.
With a little planning, you can see the world without compromising the financial security you've worked so hard to build.
Content Disclaimer: Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.