3. Travel more
The third most common piece of advice retirees surveyed expressed was not traveling more. According to the majority of retirees (89%), traveling is an important part of life to experience. More than half (58%) wish they would have traveled more when they were younger.
Those who plan on traveling in retirement have prioritized their financial wellbeing and healthcare to allow them the freedom to explore new areas of the world. But traveling can of course be costly, making it important to be financially stable in retirement to be able to enjoy this luxury.
Beyond bucket list travel, perhaps exploring new cities, states or even countries where your retirement dollars go much further is in order, as a move in retirement might be a realistic way to make up for insufficient retirement savings in a retiree’s current location.
• 2024’s 10 Best Places in the World to Retire
• Retiring on the Cheap: 5 Countries, 7 U.S. Cities Where You Can Retire on $2,000 a Month
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