5 Great Destinations to Visit in Your Retirement

By Carol Trehearn

Retirement is supposed to be a time of enjoyment and relaxation, and one of the best ways to enjoy yourself after years of hard work is to do some traveling. We’re all familiar with retirement havens – cities or places that people love to relocate to after retirement. While permanently moving to another area is a common practice, many times the one-time road trips and getaways are the most memorable and entertaining experiences.

The travel experts at globalluggage.co.uk talk to people about their vacation plans all the time, and have therefore become familiar with some of the most popular places that retirees are visiting. If you’re looking to visit a few unforgettable places after years of being tied to a specific job or location, consider their suggestions for five great destinations to visit during your retirement:

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  1. Santorini, Greece

This small group of islands in the southern Aegean Sea originated from a series of volcanic eruptions that created stunning geographical features thousands of years ago. When it comes to scenery and romance, few places can compete with the islands of Santorini, which consist of Asproníssi, Nea Kaméni, Palea, Thira, and Thirassiá. If looking out on the horizon from ancient cliff-perched towns that offer some of the best cuisine in the world sounds appealing to you, be sure to check out Santorini on your next getaway.

  1. Santa Marta, Colombia

Santa Marta is the oldest city in South America and as such is home to an abundance of culture, history, and architecture. If you’re looking for tropical scenery and some of the best dining south of the Equator, this coastal Colombian town should be on your list of places to visit. When you’re done enjoying the festivities the town has to offer, get out and see the nearby nature at Cristal Beach or Parque Nacional Natural Tayrona.

  1. Kayangan Lake, Philippines

If you’re in good enough shape to take a fairly steep 10-minute hike, you’ll be greeted by one of the most beautiful lakes on Earth with the picturesque waters of Lake Kayangan nestled into the surrounding mountains. Expect there to be a number of other visitors at midday, so for more privacy you might want to see it in the afternoon or evening.

  1. Canyon Steps, Ecuador

Located in the tropical paradise of Pailon del Diablo, Ecuador, the so-called Canyon Steps descend alongside an amazing waterfall nestled in an exotic jungle canyon. There’s a walking bridge that crosses a raging river, and there are a number of cool spots off the beaten path that won’t require a very strenuous hike.

  1. Tahiti

If clear blue skies, serene white beaches, palm trees, and an island breeze sound like things you’d be interested in, be sure to stop by the island of Tahiti for some fun in the sun. There are a number city tours as well as nature and wildlife tours that can help you see the best of the island while you’re there. A few examples of places to see would be Bougainville Park, Panaauia Beach, Faarumi Waterfalls, and the Water Gardens of Vaipahi.

Use This List as Inspiration

In closing, we should remind you that the above five locations are only a handful of the thousands of amazing places this planet has to offer. After working for decades to enjoy your retirement, you owe it to yourself to get out and see the world. If none of the locations on this list are places you’d want to commit your next vacation to, consider making your own list by searching for other destinations in the same or similar regions.

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Arizona Day Trips – 3 Awesome Hikes in the Southwest

Guest post by Mitch Stevens. Read the entire article here.

It’s a well known fact that Arizona is beautiful, often breathtakingly so. From the fascinating Sonoran Desert in the south to the red rock country near Sedona and the Grand Canyon, the state features a staggering diversity of landscapes, perfect for day trips and adventures.

  1. Mt. Ajo – Organ Pipe Cactus National Monument

As a trip leader and interpretive guide, Beth Krueger knows the desert. She once spent four days camped at Organ Pipe Cactus National Monument, located between Arizona’s Ajo Mountains and the Mexico border.  While most hikers avoid summers in this part of the world, it’s Beth’s favorite season. At this time of year, she can savor the fruit of the organ pipe cactus, purported to be the best tasting in the world. Organ Pipe is the only place in the United States where the organ pipe cactus appears – it’s rare here, but common in Mexico.

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Beth and I collaborated on a late winter outing in the park’s nearly pristine desert wilderness. We marveled at magnificent organ pipe and saguaro cacti, extraordinary plants. The preserve is a showcase for flora and fauna that have managed to adapt to the extreme temperatures, intense sunlight, and little rainfall that characterize this southwest region.

Ajo Sunset

Ajo Sunset

Together, Beth and I hiked 1.5 miles through dense stands of giant columnar cactus to the Bull Pasture overlook. There were exceptional views in every direction. In our immediate surroundings, smaller peaks, canyons, and other rocks formations; in the distance, majestic mountains. Before long, the boulders and rock formations that were part of the backdrop at the beginning of our hike were right in front of us. And after a few short, steep switchbacks with some loose footing, the route gave way to amazing rock outcrops, including windows, arches and a series of huge cone-like stone formations that were fun to explore.

After another mile of hiking walking on a ridgeline with stunning views, we realized the incredulity of the hike: a short but fun boulder hop landed us right atop Mount Ajo, the tallest mountain in Organ Pipe Cactus National Monument. We scrambled a short distance on the summit and more grand views emerged. A large, and colorful rock slab that looked like a spaceship and was covered in lime green lichen greeted us. It This made for a great resting spot.

For a brief cyber journey of this southwestern wonderland, turn up your speakers and enjoy Organ Pipe Magic.

  1. Rogers Canyon – Spirits of the Past in the Superstition Wilderness

Elisha Reavis dreamt of living live off the land in a beautiful place far away from the hordes of humanity. He realized that when he moved to a high mountain valley in Arizona’s Superstition Mountains, where he farmed, grazed and tendered an orchard. Ponderosa pines graced his ranch and a beautiful clear spring-fed creek watered the fruit trees he planted.

Arizona day trips

Arizona day trips

Five hundred years before Reavis arrived, the Salado peoples were eking out a living in Rogers Canyon and today, their fascinating cliff dwellings are visible from a hike just a few miles the Rogers Canyon trail junction.

Gradually, as we walked left from the junction, the landscape transformed from high desert grassland to riparian. There were huge, old sycamore trees, juniper, oak and mountain laurel. As we ventured deeper into the thick of Rogers Canyon, spectacular volcanic rock formations appeared. Different shapes seemed to be chiseled by the elements: a teapot, Queen Victoria’s crown. An immense boulder was perched precariously high up on the canyon wall.

We arrived at the Salado cliff dwellings. These well preserved ruins, constructed over 600 years ago and located in a huge cave above the canyon floor, were the highlight of our day. At one time, as many as 100 people lived there in more than 65 rooms, when it was constructed over 600 years ago. Most of the ruins have all but vanished but there is still a lot to see. Even from the ruins, across the canyon was a sight to behold. Impressive spires of volcanic rock, glowing in late afternoon sun and studded with trees and shrubs, appeared to march up the opposite canyon wall. The entire scene was framed by buff colored rocks comprising the cavern itself.

Because the ruins are fragile and irreplaceable; the forest service asks that hikers tread lightly and respect this magnificent place.

  1. Adventuring at Nankoweap

For hikers wanting to experience raw adventure and avoid crowds, the Nankoweap trail at the North Rim of the Grand Canyon is one of the most enjoyable and epic treks in the southwest. Spectacular geology and out- of- this world views are the calling cards of this magnificent place.

The trail was originally constructed in 1882 by Major John Wesley Powell, the one- armed civil war veteran and explorer who is credited with leading the first group of men down the Colorado River and through the present day Grand Canyon in 1871. The trail was created so that Charles Doolittle Walcott, a geologist in the Powell party, could easily access the canyon and study its rock layers.

Nankoweap

Nankoweap

The first three miles of the Nankoweap Trail are a delightful romp through a high elevation forest of ponderosa pine, juniper and aspen. Then almost suddenly, the trail takes on an entirely different character as it plunges off the rim of the Grand Canyon to continue along a ridge-top. Arriving at Marion Point, we came right into contact with the geology that makes this part of the Grand Canyon so incredible and unique. The rock layers date as far back 300 million to 750 million years ago. rock layers reached far back into our planet’s past from 300 million to 750 million years ago.

Unbelievable panoramas unfold from that point. The visible green ribbon along Nankoweap Creek lies 2,500 feet below and the forks of the creek extend far back toward the plateau, each separated by colorful rocky ridges and lofty buttes. The most striking of these is Mt. Hayden, a distinct and slender 400 foot Coconino sandstone spire at an elevation of over 8,000 feet.

Should the Grand Canyon be included on your bucket list? Most certainly. The spectacular and uncrowded Nankoweap trail is one of the best ways to experience the raw and unspoiled grandeur of this most magnificent gorge, one of the seven natural wonders of the world.

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Here Is How You Benefit From Online National Restaurant Directories

Peter Miller is an avid traveler working for a travel magazine that appreciates the use of technology to easily find restaurants nearby. He has posted many travel related articles in his blog.  You can visit his blog here for more information.

In a busy world where people find less and less time to cook a whole meal and enjoy it, restaurant services are quickly becoming convenient solutions for many. If you have a busy lifestyle, you may want to ensure that you enjoy a good meal without the rush of having to prepare it yourself. The good news is that in any given area, you can find sufficient restaurants to feed you.

When it comes to finding a good restaurant, it takes more than just picking up the phone and making a reservation. You need to carry out adequate research to help you make the ideal selection. That itself is a time-consuming activity but it has been made easy by restaurant directories. You can use such resources to help you easily find restaurants nearby.

The restaurant directories are useful to you in many ways. The site developers have gone out of their way to ensure that your restaurant search goes smoothly. When rushed for time, the directories offer the quickest way to finding the best restaurants in whichever area you are. Even if you travel to a new location, you easily get the information. Some of the benefits you get to gain from using this resource include:

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It saves you time

You do not have to search for a long time before you find an ideal restaurant. Without the directories, you may have to click through many other websites, read reviews and do so many other things before getting the restaurant that is best for you. With the directories, you save on all the time it takes to do this. You just need to key in your keywords and location. You then get a list of the restaurants that are near you that fulfill the search criteria you set via the keywords.

It is convenient

This search service is convenient. You do not have to do much or go out of your way to get the information you need. The search criteria you use can be the cuisine you want or any other parameter that best describes the restaurant you want.  The service then does the rest by providing you with restaurants that fit the bill of your search. You can also use the search to find information on a restaurant you have in mind. You can then get its locations as well as other important details.

You get all the information you need in one place

The directories give a lot of details regarding the restaurants. They will offer locations, star ratings, even price brackets and a whole range of important information. You therefore do not have to make further searches on the restaurant to find out more about it. You can even get contact details, making your bookings much easier. That is not all – the sites provide comprehensive information in regard to location such as maps. Such directories are therefore not just websites that give you restaurant names and contact details. You get much more information that is crucial to your decision.

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Financials with a Reader: “I Have ‘X’ Amount of Money. Can I Retire?”

Q&A with a Reader 

Greetings,

I found your website from Andy’s video he did with you a month or so ago.

I liked your comment about “Take the amount of money you need to live annually and multiply that by 25… that is the amount of money you need in your retirement”

So, I’m curious what the dollar amount of your savings (investments) was when you “retired” at 38?

I understand that might be a personal question so, I’ll open my kimono (so to speak) — I ask, as I have $250,000 and am 48 however, I have a fear that if I were to “retire” now, that current “nugget” would not be enough to fund traveling like you both do. The money machine would not have enough initial fuel, kind of thing, yeh know?

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For the sake of argument, assume I would live with the same annual expenses that you both have.  Is it enough, in your opinion?

Or maybe the better question would be, When you both turned 48 (after traveling for 10 years) what was the amount you had in your investment portfolio that made you say, “We’ve done this for 10 years and are still 100% comfortable doing this for another 10, another 20… forever… because our investments have grown __X___ and our balance is __Y__”

Thank you for the help.

Keep up the great work and advice on your website.

Best,

~Mike

Mike,

Thanks for writing. To learn if you have enough money today you need to know how much you are spending today – then multiply that number by 25. Basically with that formula, you are taking out 4% per year for expenses and invested in roughly a 60-40% stock/bond portfolio. With this allotment, your account should grow.

When we retired 26 years ago we had about $500,000. Since then our account has grown out pacing inflation and spending.

In your case with 250K you could spend $10,000 per year or $27.00 per day.

We monitor our spending and net worth daily so that we know where we stand in real time, and offer a spreadsheet in Your Retirement Dream IS Possible for that purpose.

I hope this helps you and good luck.

Regards,

Billy

Billy.

Thank You!  I really appreciate it. The $10,000/year number is an interesting one as it’s also approximately the amount that a 72t distribution would give me…

Did you make use of that against your retirement account(s) so you didn’t have to pay any pre-59 1/2 penalty from 401k/b, IRAs?  Or were you smart enough to roll everything over into a ROTH?

Of all the stuff that’s on the ‘net, including YouTube channels about retiring, expats, etc., no one (at least that I have found) is sharing these simple calculations.  I would think this simple truth would be very valuable to people who think and/or say the things you mentioned in your article from Levinson Law … “I wish I could… like you…”

Thanks again Billy.  I really appreciate the feedback and your honesty about what it took for you, guy.

Live the Dream.

Best,

~Mike

Mike,

At 55 I used rule 72T to extract the amount equal to my future social security distribution. Then once I hit 62 and started taking SS payments I turned off the spigot and continue to let the IRA grow.

We have written about all of these topics on our site. If you search our site using the search box you can find many.

Regards,

Billy

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Comparing Comitan, Mexico and San Cristobal, Mexico

Q&A with a Reader

Piles of fruit and aqua frescas, Comitan Market

Piles of fruit and aqua frescas, Comitan Market

Dear Billy and Akaisha,

We just wanted to thank you for your newsletter “Retire Early Lifestyle.” It is so wonderful to read and we can glean so much information from it. You travel to places my wife and I want to visit such as: San Cristobal, Panajachel, Guatemala and Comitan just to name three. We are retired (older than you guys) and are planning on coming down to Mexico or Guatemala to live. We have watched the Solola market youtube several times and it is so interesting. I love videos of this type showing you wandering around a market.

Just a couple of questions if you don’t mind. Between Comitan and San Cristobal, which is your favorite town? Is it possible to find a fairly inexpensive apartment to rent in Comitan or maybe stay at a hotel at good long term rates for six months? When you visit Comitan do you fly to Tuxtla and catch a bus to San Cristobal and another to Comitan? Have you been to Oaxaca and what do you think of it? Do you think one could find a place to live in Solola or would perhaps Panajachel would be a place to live?

Reduce your cost of living. Pay less for medical care. Find better weather. Create a healthier way of life.

We are retired and can pick somewhere in Mexico or Guatemala to live in the near future, perhaps the end of June, 2016. We have looked at Chapala but it seems so crowded with Americans and Canadians.

Once again, thank you for your informative newsletter. No hurry on answering these questions.

All the best to you,

Michael and Patty

Streets of San Cristobal, Mexico

Streets of San Cristobal, Mexico

Hi Michael and Patty,

Thank you for taking the time to write and thank you for your kind words regarding our newsletter. We appreciate it!

You asked us which, between Comitan and San Cristobal, is our favorite town? – They are different in several ways and let me explain.

Comitan is a very Mexican town, with Mexican tourists. It is safe and very family oriented in terms of restaurants, things to do, and attitudes. It is also very clean, the weather is moderate (chilly in the winters) and the town is nestled in the mountains of Chiapas, so you can see mountain views when you walk through the Old Town.

There is no indigenous population to speak of (there are the Tojolabal who are Mayan but not really many of them around) to give contrast, or to influence the souvenirs and markets. I don’t think you would find many Gringos there at all and you would need to speak some basic Spanish, I think, in order to feel comfortable and at least to make some sort of social contact. It’s an up and coming city, complete with a Wal*Mart, shopping malls and movie theaters. There is decent public transportation.

Ruins at Monte Alban, Oaxaca, Mexico

Ruins at Monte Alban, Oaxaca, Mexico

I’m sure you could find a reasonable rate for either an apartment or for a long hotel stay. You would just need to negotiate and work it out with the owners.

San Cristobal is far more touristy with new people coming and going constantly. It is much cooler than Comitan and they have a lively Mayan population whom you will see every day and integrated into the market scenes and tourists shops. In terms of apartments or hotels for long term stays, yes, I believe that would be easy enough to work out. You could get by with less Spanish, but knowing some would be useful.

San Cristobal is in the mountains of Chiapas also, but as I mentioned, it is much cooler.

We prefer Comitan over San Cristobal, mostly because we don’t really like the cold. We stay in the Old Colonial section of town which is far more “cutesy” than the regular parts of the city. San Cristobal is more international with the tourists coming in and going out and they are from all over the world. They have a spirited bar and restaurant scene.

In terms of how to get to Comitan or San Cristobal, you could fly into Tuxtla as it is the closest airport to these towns, and then take a shuttle, a combi or a bus to Comitan or San Cristobal. I believe most of these transport options go through Comitan before they get to San Cristobal. And of course, you can get to San Cristobal from Comitan if you decide to see them both.

Yes, we have been to Oaxaca and we have really enjoyed it. It has a energetic and beautiful Zocalo (Plaza) and nice restaurants, markets and bars. The Monte Alban ruins are very close by and are a must see. It’s a little more pricey in our experience, but really worth visiting, and I think you could find an apartment or hotel which would allow you to stay longer term.

Young Mayan girl, Guatemala

Young Mayan girl, Guatemala

As to whether or not you might like to live in Solola or Panajachel, I would definitely say to choose the Lake Atitlan Area over Solola. Panajachel and all the towns on the lake are much prettier, and have better weather than Solola. The way that Solola is situated, it tends to get (very cold) fog in the early afternoons and have a drizzle which takes the view away from the lake below. Pana and the towns on the Lake are warmer, sunnier and have more attractive personalities as villages than Solola. Most certainly, get to the Lake, find a hotel or apartment and then visit any of the other dozen villages around the lake. Go to Solola if you need certain kinds of medical care or perhaps some computer equipment, but otherwise, stay at the Lake.

If you are considering a visit to Guatemala, then take a look at our Guide to Guatemala.

I am hoping that you speak some Spanish, but if not, you can easily take lessons here at several towns on the Lake. I would also wait quite a while before purchasing property, and visit around to see which villages speak to you the most.

Hopefully this answers your questions and if you have more, feel free to write again.

Take care, and stay in touch.

All the best,

Akaisha

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A Financial Discussion with a Reader

Q&A with a Reader

Hi Billy and Akaisha,

Hope all is well!  We traded emails in the past but it’s been a while.

I bought your ebook years ago and have ready many articles since (among many other books).  They inspire me to produce more now to prepare for an early retirement.

I am 38 now with a healthy nest egg and income outside of my W2.  I feel financially free which gives me a better attitude about my work because it’s a choice.  It allows me to be more bold and actually produce better. So in a nutshell I’m doing well and feel great knowing at any moment I could hang it up.

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So, here’s my question:  I have 3 kids from 5 months to age 4.  We plan to homeschool them up to High School.  At what point is a safe point to call it quits and focus on family?  Should my goal be a nest egg plus a certain level of passive income?  I don’t plan on funding college for them but would like to help out a bit if needed.  After my mortgage college seems to be the next biggest upcoming expense.

Thoughts?  Any simple spreadsheets you can share?

Andy

Hi Andy,

You certainly are in the sweet spot…congratulations. Yes,it cannot hurt to have other streams of income…right? I am sure you’ve thought about any tax issues regarding this.

Regarding your children, here’s a couple of thoughts. You could open a Uniform Gifts to Minors account for each of them and contribute annually. The bad news is that they have control of the funds at the age of 18 and may or may not be responsible enough to handle them.

Another option is to create a trust for each of them. Put 10K in today and forget about it. You could set it up so that they do not receive the accounts until they are ….say 35….by then those accounts should be worth a tidy sum and by not letting them have access before that age, you skip the “wild years,” “first marriage” – yes it happens – and other irresponsible behavior.

But first check with your tax adviser and attorney before taking my word on these suggestions.

Regards,

Billy

Thanks Billy,

I suppose it doesn’t hurt to put a chunk away for each kid now and stick it in some index EFTs.  Can’t image what 30 years would do to 10k in today’s money.

So as far as a nest egg and passive income goals…what do you think there?  I estimate we spend about 60k a year as a family today.  So as long as my passive income is above that I should be solid?

And what to do with the nest egg, a combo of index EFTs?  I’m sure you shy away from specific advice (totally understandable) but maybe you have something like a goal range or broader strategy to share?

Andy

Andy,

My guess is that 10K invested in SPY or VTI would create well over $1 million. Never know but based on historic returns that’s about right.

Yes…as long as you have more income than outflow you should be fine.

I use a combination of DVY, SPY, VTI and DIA. Being 30 you have a ton of time on your side to ride out the never ending market cycles. My being 63 is a little different as long term is getting shorter by the day for me. But I believe these ETF‘s are solid holdings.

Billy

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Financials, of Course

Q&A with a Reader 

Billy and Akaisha,

Your articles continue to inspire.

So far, at 65, I have not withdrawn money from my IRA. All situations are different, but have you always used your IRA comfortably without fear? I don’t have a financial adviser (who would be objective) at this point, but do recognize that having saved money, it may take one to convince me to go in the opposite direction to use funds. I am taking SS, but someone pointed out that at this age, I should use my savings without worry.

Best,

Paul

Don’t be pushed by your problems. Be led by your dreams. 

Paul,

I do not know your specific situation but you will have to take money out of your IRA once you reach 70.5 years. Here is a calculator you can use to get an idea what you are dealing with regarding a tax hit or not.

http://apps.finra.org/Calcs/1/RMD

Thanks for writing and good luck to you.

Regards,

Billy

 

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The Top Trends In Baby Boomer Travel

Guest post by Jared Alster. This article originally appeared on Stride Travel, the largest search & reviews site for multi day tours and adventure trips.

Last year, AARP reported in their annual travel research survey that “practically all Baby Boomers (99%) anticipate traveling for leisure in 2016, with approximately 4 or 5 trips in the works.” 45% reported that they would take a combination of domestic and international trips, while 5% planned to focus on international only.

In a 2013 article by Stephanie Rosenbloom, the New York Times reported that the travel industry is now focusing on attracting that demographic which is between the ages of 49 and 67.

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Now that many boomers are reaching or in retirement, they’re heading out to travel again. And they have the time and money to do it their way.

All of our books lead to adventure. Don’t miss out on yours!

So what kind of trips do baby boomers take? Why do they travel and what are the trends? Here are our findings on the most popular trends in baby boomer travel:

Life Long Learners

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If the fifties ushered in the emergence of the “American teenager,” the mid to late sixties was the introduction of the “college aged” adult. Due to the sheer amount of people in college at the time, they created their own demographic. Counter culture, civil rights, and feminist movements all contributed to a more educated populace who, today, continue to broaden their horizons.

Educational tours are on the rise and one of the most popular tour types among fifty plus travelers.

Road Scholar (previously Elderhostel) is an excellent example. Founded in 1975, and designed specifically for older travelers, Road Scholar provides learning tours all over the world. One of the draws to Road Scholar is their emphasis on tours led by experts in their field and interesting, varied subjects. You might be learning about Egypt from an archaeologist or visiting Shakespeare’s house with an Oxford professor. Booking a tour is akin to booking a class for the semester, only without the burden of homework!

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Learning tours aren’t always about book learning. Cultural tours where you might learn a new craft or skill, or food tours where you might participate in a local cooking class, are all ways to combine a love of travel with a love of learning.

The Allure Of River Cruising

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By far one of the fastest growing segments in group travel is river cruises, with that growth being propelled by older travelers.

Europe is one of the top destinations boomers express interest in, and a river cruise is the perfect way to cover a lot of ground, and see more than you might on a large ship cruise. River cruises are able to travel on narrower, shallower bodies of water, allowing for much more diverse itineraries than ocean cruises can provide.

River cruises are also able to dock directly in a city, such as Cologne and Bucharest, making for easy access to the key sights of a destination.

Still Seeking Adventure

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Particularly for older travelers, the thought of “adventure travel” may not sound appealing. But boomers are seeking new adventures — which is not necessarily a contradiction. ‘Adventure’ does not need to mean a physical adventure; it can simply be exploring a new culture, meeting the locals, and trying new foods.

“I prefer to think of it as ‘adventurous’ travel,” says Clark Norton, who writes about baby boomer travel at clarknorton.com. “It probably isn’t bungee jumping over Victoria Falls — but it may involve some new physical challenges, and it’s definitely adventurous in the sense that boomers are getting off the beaten path, exploring new cultures and traveling to the far corners of the earth.”

Norton has achieved some incredible feats in his travels, including riding camels in North Africa and learning to scuba dive in Micronesia. All after the age of 50. He notes that all these adventures came thanks to experienced guides. “I don’t consider myself particularly brave,” he admits. “But if I trust the guide, I’ll try just about anything.” Read more about Clarks take on adventure travel for baby boomers.

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For those for whom the above activities sound just a bit out of reach, it is important to note that adventure really does apply to so much more than bungee jumping or whitewater rafting. It could be as simple as taking a long hike on your day tour from the cruise ship, a bike tour through wine country, or a “glamping” (luxury camping) trip in South Africa.

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I’m Ready to get out of the Rat Race

Q&A with a Reader 

I’m going to be 61 this year, and I’m ready to hang it up.  I do not have a lot in retirement because of divorce and  a little cancer scare, but still kicking, hate my job and ready to say quit.  I have a couple of options, like moving into a room with my kids in an area that I really like. And, yes I would like to become a gypsy.

Are you doing Obama Care for health insurance ??  I could sell my house and put that money into an account that could earn interest income. I have already talked to a financial guy about that.  Did you do early retirement at 62 for social security? That is another thing I am debating about.  Have to get out of this rat race.  I have no problem being a minimalist.

Yes I would pay off my car and one other account, then be debt free if I sold the house.

What are your thoughts??

Thank you.

Vicky

Reduce your cost of living. Pay less for medical care. Find better weather. Create a healthier way of life.

Hi Vicky,

You bring up a lot of good questions and I think, given your personal flexibility, you could have several options that might work for you.

If you would like to become a gypsy, renting a room out from your children could be the best of both worlds. From there you could travel for weeks or months at a time. You could house sit all over the world or just in the US and Canada, if foreign locations worry you. But if you do go overseas, that could also be your answer for medical care, at least until Medicare kicks in for you.

We have utilized medical tourism for decades and it’s our primary means of getting care. We are not on any plan from the Affordable Care Act and we stay out of the country for the required amount of time to not have to pay the penalty. You could consider your choices in this area of your retirement life and then decide what you would like to do – apply for Obamacare, live overseas for the required amount of days, or go back and forth from your children’s home and pay the penalty.

If you decide to live overseas for a greater period of time, you might consider going car free. I realize that living in the US without one’s own vehicle it is more of a challenge than it is overseas, but there are certainly cheaper ways to obtain transport than owning a car. You might research this topic so that you have all the information available to you to make a clear decision. Even paying a girlfriend, taking a taxi, utilizing Uber, using mass transport, bicycling, walking, etc. are all cheaper than the expenses of maintaining a vehicle.

We did decide to take Social Security at age 62 and you can read about it in our article on this topic. This may or may not work for you, depending on what you choose to do in your retirement. – Getting back to house sitting as a housing option, this would save you thousands of dollars a year in housing costs, and being car free would do the same. So your spending could be different than you might have already thought about. I don’t know what your financial adviser said, but you may be able to purchase stocks and obtain dividends for your income, which might be more than simple interest on your money.

Things to think about.

Do you track your spending now? Do you know what you need annually to cover your costs?

I hope these suggestions are useful to you and if you have further questions, feel free to write again.

Wishing you all the best,

Akaisha

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Why Tungsten Wedding Bands are the In-thing For Hollywood Men

Michael Cox has been doing a lot of research on wedding band trends. The tungsten wedding bands have caught his attention and have become the subject of his blog posts these past few months. They are increasingly becoming popular even among the richest people on the planet.

Hollywood is known for its trendsetting characters, extravagant fashion styles and overall expensive standards of living. If you are a Hollywood celebrity then you will want to spend a good amount of money to get the best of the best, right? Well that would be correct for about everything but not for wedding bands or so it seems. Celebrities are going for the cheaper option that is tungsten carbide forsaking the likes of silver and gold as they purchase wedding bands. This is rather weird considering that they have the money and they want the best.

Tungsten is definitely the best option that is available. People are willing to invest in these rings for a number of reasons- even those people who have tons of money. Buying a wedding band does not have to be such a hassle anyway but then men always have issues finding something that will excite them. Considering that the ring is one of the two pieces of jewelry that you will be wearing a majority of the time you need to get the perfect one. Tungsten carbide fulfills the dreams of every man when it comes to wedding bands.

It’s impossible to reach for the stars when your nose is pointed to the shadows.

There are a number of reasons why these rings are being sought after with such enthusiasm all over the world. It is not just a trend in Hollywood but across the planet.

  1. Affordability

Tungsten carbide wedding bands were clearly not designed for the rich if you take the price into consideration. You can get a very cool ring without having to rob the Bank of America. Tungsten is a very affordable metal and the rings that it makes are extremely stunning. At their price they are a total steal. Even rich people want to save money as they do their shopping.

  1. Uniqueness

The tungsten wedding bands are not your everyday wedding bands. They are significantly different from the gold and silver rings. They might appear to be a lot like the silver rings but they have an aura about them that is very unique. So if you do not fancy going the traditional way and buying the gold rings then you will definitely find these ones to be a fine alternative for you.

  1. Durability

Gold and silver are durable. They will last for a very long time. The problem is that they tarnish. When silver comes into contact with chlorine while you wash and a coating of silver chloride forms on the ring. You do not need to be told that it is not such a pretty coating. When golden rings are exposed to water, soap and detergents they also lose their luster. This is not the case with tungsten carbide rings. They do not tarnish.

  1. Customizability

It is very easy to customize a tungsten wedding band compared to the other wedding bands. It does not matter whether you want to add a gemstone or you want to fit some other decorative features like laser-cut carvings, you can do that with such tremendous ease. It is for these reasons that men across the globe are going for tungsten wedding rings more than any other metal.

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