Traveling in Your Retirement Years
Worldwide - Friday, November 28th, 2014
You’ve waited most of your life for your retirement years. Now that they’re here, what will you do?
Make the most of it through travel? This is a popular choice among many retirees who finally have the time — and money — to see the world. But there’s much more to it than that.
Traveling during your retirement years is enjoyable, yes, but it also brings with it several benefits to your health and well-being. In this article, we’ll explore that notion, along with how you can set aside money for traveling and what traveling provides for aging Baby Boomers.
Making Dreams Come True
Many Baby Boomers say they’ve been dreaming of traveling in retirement since an early age, but many simply don’t do it when the time comes, whether due to health reasons or financial reasons. Saving at a young age is the single most important factor in making sure you have enough money come retirement.
According to Investopedia, saving $5,000 per year in a 401(k) starting at age 25 could give you a nest egg at age 65 of $798,741. Starting early is important, sure, but it’s never too late to set aside money for retirement. You can achieve this by saving a portion of your social security check each pay period, adding spare cash to a travel fund with a specific goal in mind, and even taking on a small part-time job to get more income.
Benefits of Travel
To tout the benefits of travel for Baby Boomers, the U.S. Travel Association has put out a research-based initiative called Travel Effect, the goal of which is to prove the personal, business, social and economic benefits that taking earned time off can offer. Rather than being selfish and frivolous, as many people view travel, such excursions can actually strengthen family bonds and improve personal health.
With so many Baby Boomers retiring earlier than ever, the health of retirees is generally better than in years past thanks to increased awareness of healthy living. Travel has been known to boost healthy aging in regards to social, cognitive and physical areas. Traveling means you’re more active, and adults who are more active tend to have a lower risk of heart disease and high blood pressure, as well as stroke, cancer and diabetes. The risk of falling, which can lead to broken bones especially in women whose bones tend to be frailer than their male counterparts, is also lowered because of the increased activity level and overall strength that travel provides. Travel can also boost important social connections, mood, outlook on life and mental sharpness, all while lowering stress and anxiety levels.
So all you Baby Boomers out there, don’t delay — travel and make your dreams come true now! Your health depends on it. If you’re still in need of a little persuasion, gather some inspiration from the maritime explorer. Through his Canadian travel & adventure blog, Dale Dunlop aims to show others the benefit of traveling an exploring the world unknown to many. From tourist attractions and things to do in Nova Scotia, his homeland, to his journeys across the globe, let The Maritime Explorer guide you to new, exciting adventures in your retirement.
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