Louie Valdez of California is a wealth management specialist who focuses on retirement planning – helping clients navigate how to save for their golden years, yet also enjoy them. In the following article, Louie Valdez discusses traveling in retirement, and budget friendly tips to see the world.
Planning to use those “golden years” to see the world at a leisurely own pace? Perhaps this dream comes with financial anxiety about how to pursue these goals during trying financial times. Luckily, with some careful planning, seniors can reach their destination and return home with their financial future intact. All it takes is some careful planning.
Jet-setting seniors who are ready to embark on their travel plans can employ some money-saving travel hacks to ensure their journeys don’t break the bank. Careful planning, good timing, creative destination choices, and knowing how to eat, stay, and move around while on a budget are just a few of the ways retirees can make their dollars go the extra mile.
Below are some of the best travel hacks for seniors to use when planning their trips and enjoying their getaways. Even on a budget, it’s possible to see the world and enjoy all that distant destinations have to offer without sacrificing financial security.
Louie Valdez of California Says that Timing is Everything
One of the keys to cost-effective travel in retirement is timing things wisely. Typically, the first step is to learn more about the peak seasons for travel to a desired destination. This is the time when hotels, food, and transportation will be the most expensive.
Louie Valdez of California explains that by traveling during shoulder seasons or in the off-season, seniors can save thousands of dollars as well as avoid crowds and long lines. Using the newfound flexibility of a retirement “schedule” provides much-needed flexibility in making travel plans.
Choosing Economical Destinations
Traveling on a budget doesn’t mean compromising on the best destinations, but seniors can get more for their money by looking for locations off the beaten path. Many of these places can be just as nice – and even hidden gems. Underrated tourist destinations can also be safer for seniors and solo travelers with the same hospitality and glamour as mainstream destinations.
Louie Valdez of California says that for those looking for a Caribbean vibe should try Nevis over Nassau. If overseas travel is out of the question for now, try the Kentucky Bourbon Trail instead of Scotland. Love “lake life”? Try New York’s Finger Lake region instead of Lake Tahoe. The possibilities are endless for those who are open to a little mystery over a well-trod path.
Money-Saving Accommodation Hacks
Accommodations are often the most expensive part of the trip, explains Louie Valdez. For some people, they matter a lot. Relaxing at a fine hotel or private villa is the epitome of vacation. But for others, a full schedule is the way to go, and a hotel is just a place to crash. While there are plenty of sites that help travelers save money on hotels, those who want to be pampered in their off-time know these often buy the least desirable rooms and lackluster service.
Opting for a short-term serviced apartment, a home rental, or a charming BnB in a nearby town can save a huge chunk of change and provide a tranquil place to soak it all in after a busy day of sightseeing. Just be sure accommodations meet the mobility needs of everyone in the group.
Economical Transportation Tips
Louie Valdez, wealth management specialist notes that air travel is more stressful than ever. Between severe weather, staff-related cancellations, and a booming tourist industry, seniors may pay a premium for even economy-class seats. But for those not in a hurry, alternative forms of transportation can be even more rewarding and provide their own adventure.
Maybe a road trip is in order. Or perhaps a first-class train ticket can provide the best means of transportation. Even luxury buses can help retirees enjoy the journey as much as the destination. But for those set on airline tickets, booking in advance and taking trips in the off-season can save big bucks.
Dining and Entertainment on a Budget
Louie Valdez, wealth management specialist says that experiencing local cuisines and entertainment is an integral part of travel. But dining out and buying tickets for tourist activities every day can really add up. For those worried about breaking the bank while on vacation, there are plenty of alternative options.
Staying at a short-term rental? Find a local market and cook a few meals with fresh, local ingredients. Hoping to see the latest exhibits in town? Look in advance for senior discounts or opportunities to purchase travel passes that offer entrance to multiple sights at a lower price.
Buy Peace of Mind with Travel Insurance
Worried about getting sick before or during a trip? Travel insurance can make sure senior travelers end up paying for a vacation they can’t enjoy.
Louie Valdez, wealth management specialist says that before springing for whatever generic insurance comes up while buying plane tickets or travel packages, take a look at credit cards that offer free travel insurance. One only needs to pay with that card to enjoy the rewards.
Summary
Navigating retirement travel on a budget may seem like a daunting task, but a bit of strategic planning and a few smart choices make seeing the world an affordable reality. These practical tips can ensure a memorable and financially sustainable travel experience for retirees.
