skyking1
Thinks s/he gets paid by the post
It is easy to stay safe and RV travel in covid times. Go for it NW!! We love it, our own home own bed happy pets.
If a couple intends to travel domestically (4/5 times a year) and internationally (once a year) in retirement, how much should they budget for travel?.
It’ll be a happy coincidence if your travel locations, frequency and level of luxury match a $ number from random strangers online. You could find $20-30K/yr to be way too little or way too much once you start travel spending. I would have started with what you’ve actually spent on travel and then extrapolate from there if you plan to travel more or better in retirement. Bon voyage.This thread has been useful, as the range of 20~30K for that kind of travel is the real world spend for many of you, and sort of what I was figuring for.
Thanks again, I love this place.
It is easy to stay safe and RV travel in covid times. Go for it NW!! We love it, our own home own bed happy pets.
I'll try. After 2 years of non-RV'ing, I feel some reluctance to climb onto the saddle again. Driving an RV is work, and I am feeling older all the time.
If I don't make another RV trip this year, I may as well sell the motorhome and hang up my spurs.
FIREing in the 50's leaves a huge financial cone of uncertainty over the following (hopefully) 30+ years of life. With your travel plans I assume your net egg income would mean no Medicaid eligibility.
Several have mentioned looking at the ACA Exchange for health insurance premiums (which increase SIGNIFICANTLY with age BTW), and that means looking at policy specifics. If you plan to travel a lot you should look only at plans with out-of-area coverage (which actually is not even available in some states!), and budget for separate international health insurance while traveling outside the US. In addition, one must also budget for those sizeable deductibles and Out Of Pocket maximums (OOPmax). Almost any hospitalization, or some moderate-to-complex ER visits, and you will likely get hit for that OOPmax. And that does not include charges deemed "not medically necessary" (not a theoretical concern, especially which traveling outside your local area). These points go 150+% for 3 adults.
International travel expenses can jump greatly over one's initial budget with unexpected COVID travel restrictions (like hotel/living expenses if testing positive for COVID and required to quarantine).
Really just depends
Cheaper travel budget:
-Plan well ahead
-Stay less expense hotels / fly in coach
-Come up with a number of locations to visit and choose the cheapest one
-Play the credit card point/mile game
-Travel offseason
-Significant research before booking
-Group tours rather than private tours
Some years are lumpier than others but it probably averages out. YMMV