One of the things that everyone likes to do, especially those who are approaching or in retirement, is to travel. The joy of having more flexibility, freedom, and the opportunity to embark on longer journeys is what retirees eagerly anticipate when planning their next adventure. After Covid derailed everyone's travel plans for a few years, people were anxious to see the world again. Some individuals even considered indulging in more luxurious trips as they had saved money by not traveling in 2020 and 2021. However, it's important to note that this form of mental accounting might lead to increased spending, as the money you thought you were saving was most likely allocated to other expenses.
Tune in to this week’s episode of Dollars & Sense as Marc and Marion talk about travel tips for retirees in a language you can understand.
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During Dollars & Sense with Freedman Financial, your host, Marc Freedman, may discuss specific financial planning and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations.
Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.
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