Retire and Roam: Financial Tips for Traveling in Retirement
One of the most exciting aspects of retirement for many is the freedom and flexibility to travel to new places, whether you'd like to go abroad, across the country, or to a neighbouring state. A certified financial advisor is here to help you get ready for these experiences by developing a customized retirement income withdrawal strategy that takes your travel objectives into consideration. Here are some financial things to think about before you leave on your journey: If you intend to go Overseas Examine your Social Security eligibility, health insurance alternatives, and any travel dangers in the nations you intend to visit. a. Foreign countries are not covered under Medicare. Medicare and the majority of domestic health insurance programs are not recognized abroad. Medical crises can be covered by travel insurance even if your vacation is only a short one. Consider whether an international health plan is appropriate for y...