June 28, 2023

The Golden Rules of Traveling in Retirement

Retirement is an exciting phase of life that opens up countless opportunities for new experiences, and one of the most enriching endeavors during this time is travel. Whether you're planning to explore exotic destinations or revisit cherished places from your past, embarking on journeys in retirement requires careful consideration. In this blog, we'll share valuable advice and golden rules for traveling in retirement, helping you make the most of your adventures while ensuring a comfortable and fulfilling experience.

1. Embrace Flexibility: As a retiree, you have the luxury of time, so embrace flexibility in your travel plans. Avoid rigid itineraries and instead opt for a loose framework that allows for spontaneity and exploration. Leave room for unexpected discoveries and the freedom to stay longer in a place that captivates your heart.

2. Prioritize Health and Safety: Prioritizing your health and safety is crucial while traveling in retirement. Consult with your healthcare provider before embarking on any trips, ensuring you are physically capable of handling the journey. Stay updated on necessary vaccinations, carry prescribed medications, and obtain travel insurance to safeguard yourself against unforeseen circumstances.

3. Choose Comfortable Accommodations: Opt for accommodations that provide comfort and cater to your specific needs. Consider staying in senior-friendly hotels or resorts that offer amenities like elevators, easy accessibility, and proximity to attractions. Prioritize accommodations that prioritize relaxation, ensuring a peaceful and rejuvenating experience after a day of exploration.

4. Pace Yourself: Traveling in retirement allows you to savor the journey rather than rush from one place to another. Avoid the temptation to cram too many activities into your itinerary. Instead, adopt a slower pace that allows you to fully absorb the essence of each destination, indulge in local cuisine, interact with locals, and appreciate the cultural nuances.

5. Embrace Technology: Embracing technology can greatly enhance your travel experience. Utilize travel apps and websites to research destinations, find the best deals, and plan your itinerary. Apps like Google Maps, translation tools, and local city guides can prove invaluable when navigating unfamiliar territories.

6. Travel in Shoulder Seasons: Consider traveling during the shoulder seasons, which are the periods just before or after peak tourist times. This allows you to enjoy milder weather, fewer crowds, and often more affordable prices. You'll have a more authentic experience and be able to engage with locals on a deeper level.

7. Immerse Yourself in Local Culture: One of the joys of retirement travel is the opportunity to immerse yourself in the local culture. Seek out authentic experiences, such as attending local festivals, exploring markets, and engaging in community activities. Interacting with locals can provide unique insights and foster meaningful connections.

8. Stay Active and Embrace New Experiences: Retirement travel is a fantastic time to embrace new experiences and activities. Engage in outdoor adventures, take guided tours, or participate in local workshops. Staying active not only enhances your physical well-being but also enriches your travel memories. Conclusion: Traveling in retirement is an incredible chance to explore the world, create lasting memories, and enjoy newfound freedom.

By following these golden rules and embracing the advice shared above, you can embark on fulfilling and enriching journeys while ensuring your safety, comfort, and well-being. So pack your bags, embark on new adventures, and savor the joys of retirement travel to the fullest.

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Every Day is Saturday

Our job begins where most advisors stop—saving money is great, but how do you spend it without risk in retirement? Welcome to Every Day is Saturday with Brad Gotto and Matt Stahl, partners and private wealth managers at Fiat Wealth Management.

In this podcast we help guide you to think about your money in a practical sense and make the boring and complex financial decisions, fun, informative and educational. Join us on this journey where Brad and Matt will explore different strategies on how to spend your money without guilt and have peace of mind knowing you are spending it the optimal way in retirement.

You’ve saved money for a lifetime. Now it’s time to spend it.

In Spending Money and Having Fun, Retirement Income Certified Professional Brad Gotto teaches you how to be smart about spending so you can stop worrying and live the life you want. Old habits are hard to break, but Brad helps you embrace the counterintuitive and build new habits to support your next chapter. You’ll learn how to:

  • Change your mindset around spending

  • Create boundaries that buy you freedom

  • Gain peace of mind with concepts that take the guesswork out of your financial requirements