retirement

5 tips to affordable retirement travel

If your retirement dream is to get out and see the world, a tight budget doesn't have to keep you tethered to the house. Airlines, hotels, attractions and other travel vendors offer a variety of incentives to court senior travelers, but you may need to do a little extra sleuthing to find these bargains.

"Discounts are getting harder to find, so travelers have to be savvier about the process," says Terrance Zepke, author of "The Encyclopedia of Cheap Travel."

Before you map out your itinerary, you need to make out a budget. That was the strategy of author and retired businessman Lew Weinstein of Key West, Fla., and his wife Pat, a retired attorney and avid marathon runner.

"We don't have unlimited funds. I don't know who does," says Weinstein, who uses a spreadsheet to track everything they spend on trips. "What we were trying to do is make both a long-term retirement plan that is consistent with the amount of money that we have and will have, and to do as much travel as we can while we're still healthy."

If that's your goal, too, here are five ideas to help you reach it.

Go for it!
Don't give up your travel plans. Prepare for a trip and cut costs by using these strategies.

1. Divulge your true age 

Forget the vanity of knocking a few years off your birth date. When you travel, broadcast your real age every chance you get and claim those senior discounts.

The Thomases of Marysville, Mich., have taken many road trips in the U.S. and Canada, cutting costs every time they whip out their AAA and AARP membership cards.

"We think that we save money by driving," says Marjorie Thomas, a former stay-at-home mom and current Mary Kay beauty consultant whose husband, Harold, is a retired electrician.

advertisement

Both AAA and AARP offer discounts on car rentals, lodging, cruises, vacation packages and attractions.

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.25%  0.02 4.27%
15 year fixed 3.23%  0.02 3.21%
5/1 ARM 3.37% --0.00 3.37%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.36%  0.02 4.34%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91%  0.02 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.69% --0.00 2.69%
48 month used car loan 2.92% --0.00 2.92%
60 month new car loan 3.18% --0.00 3.18%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90% --0.00 0.90%
2 Year CD 1.13%  0.04 1.09%
5 Year CD 1.78%  0.02 1.76%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.72%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Prying loose your digital life

Digital companies like Facebook and iTunes make you sign agreements that prevent your heirs from accessing your accounts, but new legislation may change that.  ... Read more

advertisement
Partner Center
advertisement

Connect with us