If you’re reaching the end of your career and inching closer to retirement, you probably have some pretty exciting plans ahead of you. Perhaps you’re looking forward to spending some time out on the golf course, or maybe you’re planning on taking up oil painting. Whatever it is you’re doing— you may want to add travel to your list.
There are plenty of places abroad and stateside for retirees to explore. We’re discussing the top five travel destinations for retirees and breaking down their top attractions and price range to help you create the best itinerary possible.
Top Attractions: Barcelona is rich with culture— from art to gastronomy, this European city has it all. When you need to take a break from all of the excitement, there are miles of beaches to relax while you wait for a refill of your next tropical beverage.
I spent a college semester in Spain and absolutely loved it. Although I didn’t make it to Barca, it’s one “regret” I have.
Here are the top five must-see attractions for retired tourists to see in Barcelona:
- MACBA – Museum of Modern Art
- Gracia – Charming, walkable neighborhood
- Park Gȕell – Antoni Gaudi
- La Sagrada Familia – Antoni Gaudi’s most famous work
- Picasso Museum
Cost of Travel: The average cost per day for traveling in Barcelona is 116€. While this isn’t necessarily the most budget-friendly destination for retirees, there are plenty of money-saving options for retirees to prepare their travel funds before booking a trip abroad.
One option is a home equity conversion mortgage (HECM). A HECM loan allows homeowners to access their home equity while deferring the repayment of their loan until they decide to move, sell their home, or die. This is an option worth considering if you’ve caught the travel bug, but can’t depend solely on your 401k to cover your life and leisure expenses.
Top Attractions: The City of Roses has much more to offer than its popular sketch show Portlandia jokes about. In between the feminist bookstores and hipster coffee shops, Portland has a lot of authentic character to offer tourists of all ages.
Here are some of the top attractions in PDX to add to your itinerary:
Cost of Travel: Depending on your travel habits, the average cost of travel per day on Portland is $136. If you’re preparing for retirement but need some extra cash to put toward your vacation fund, try using an app like Chime to work on saving some change before the big trip.
Park City, UT
Top Attractions: This luxurious mountain town is home to the Sundance Film Festival, world-class skiing, and fine dining. If you’re an active retiree, this is the perfect place to spend your next vacation.
Here are a few of the best activities for adventurous retirees to explore in Park City, UT.
Cost of Travel: Skiing at the top resorts in the world and indulging in the luxury shopping in Park City will come at a cost. The average cost of travel per day in Park City $374. If you’re hoping to hit the slopes by next winter, you’ll want to start looking at your retirement saving options as soon as possible.
Top Attractions: If you’re looking for a European adventure but don’t want to cash in on all of your savings just yet— give the capital city of Portugal a try. Lisbon has become an increasingly popular travel destination thanks to its budget-friendly nature, beautiful scenery, and vibrant culture.
I spent a weekend in Lisbon and enjoyed it. Lots of history, culture, and good food!
Some of the top reasons for retirees to visit Lisbon are:
- Castelo de S. Jorge
- Palace of Ajuda
- Guided Walking Tours
- Attending a Fado concert (it’s their folk music)
Cost of Travel: Traveling in Lisbon is quite reasonable compared to many European cities. The average cost of a meal is about 10-12 USD. If you’re hoping to save some cash while you’re traveling, check out apps like Kayak for cheap rates on flights and hotels. If you’d like to experience Lisbon in the eyes of a local, give Airbnb a try and stay in a home or apartment in town.
Traveling the world is an experience every retiree should have, whether you decide to travel near or far. With the right savings strategies, you can enjoy all of the must-sees on your list without sacrificing your whole retirement plan. The most important part about traveling as a new retiree? Enjoy your new freedom! Immerse yourself in the local culture, try some new food, talk to the locals, and enjoy your hard-earned vacation.