Travel in Retirement Archives - Retire Well Retire Happy

When my SMSF (Self Managed Superannuation Fund) was established my advisor at the time, Heath Hill, advised me to have my funds allocated between Australian Shares that paid a dividend and cash. As I already owned property it was decided I did not need any more in my retirement super fund. After a few years of attending seminars and joining Investor groups I decided to have a go at DIY Investing and manage my retirement savings super fund. It is one way to keep focused on acheiving financial independence.

I would like to say it is easy but I can’t, you need to be disciplined and you need to have a financial plan for your Superfund. Buying and selling shares is not the hard part. You can save money by setting up your own online broking account and do the trading yourself. The hard part is knowing what to buy, what allocation to have between the various asset classes and when to sell.

Your age plays a part in all of this as well. If you are under the age of 45 years then you have the luxury of more time to invest in property as it is considered a more long term investment. If on the other hand you are over 55 years then other things become important to you such as having income generating assets once work stops.

Invest in Yourself — Retire Well Retire Happy Invest In Yourself

Will I always do it myself? I imagine that once I get into my mid 70’s I will probably just invest in funds that own a spread of the best companies. In the meantime, I am still learning. I have attended a Successful Investor Group and now follow Peter Castle from EasyShareTradingsystems.com.au.

To reduce my risk I have diversified investments across various financial instruments, industries, and other categories. This technique allows my investments to maximize returns by investing in different areas.

I have diversified my investing pool in:-

First Mortgage Lending
Australian Shares
US Stocks
UK Start-Ups
CryptoCurrency

If you want to give DIY (Do it Yourself) investing a go then you need to learn to invest in yourself, and you need to practice. Our retirement savings will probably be the largest amount of money we have ever had to look after so the earlier you start your financial education the better investor you will become.

Find an organization to join that represents the interests of the investor. In Australia, the Australian Investors Association (AIA) holds an annual conference at the Gold Coast, Queensland every year and is an excellent place to start your investor knowledge.

DIY Investing is doable. It takes time, practice, planning, and patience.

Want some tips on how to save money on travel in Retirement? If you save wisely during your working days so as to live the retirement of your dreams, then traveling must be one of the things which you would like to do. Definitely, you would like to experience the best meals, hotels, and adventure while you are driving on foreign land. In fact, traveling is considered the first goal of many retirees, even more, that spending time with family and friends.

world travel

Some of the world’s popular destinations where the many retiree dreams of visiting in their retirement include; Alaska in the USA, in the Danube and the Rhine rivers which are located in central Europe, the southern Caribbean, and Hawaii in the United States. You may travel voluntarily to explore the nature, but also you may travel for medical holidays. Despite your reason for traveling, you should spend your money wisely so as to ensure many great trips in future. It is not advisable to blow your bank on a single trip. Here are some of the tips that can help you cost-save when traveling.

Travel during off-peak times

Since you don’t have to cram onto weekends flights, take that advantage of booking the flights that leave on Monday, Tuesday, and Wednesday because they are always cheap. That will help you to avoid paying more for weekend flights.

Ensure you fully utilize the discounts you are entitled

If you are a member of veteran’s group, don’t forget to mention that when purchasing an air ticket. You are entitled to get substantial discounts on flights, hotels or even in rental cars. For instance, the United Airlines discounts any air ticket purchase online by a person over 65 years.

Think of getting health and travel insurances

One key downer about retirement travel is considered to the health issues. You may want to buy an extra health insurance since many Medicare supplemental insurance plans don’t necessarily offer insurance coverage out of the country.

Budget with a cushion

It is important to locate about 20% of your money for unseen costs when making your budget. That will cover any money shortage that may incur unknowingly.

Always consider a home swap

You should save money o a rental while you travel especially if you stay for a long time. That will enable you will be able to swap houses with a local. Therefore, you will evade the hotel costs. However, just be sure to sign any relevant document that may lay out ground rules before starting to stay in someone’s home.

6. Become a Budget Traveller

Shane Thomas is expert at travelling on a budget. In fact Shane is so good at it he only comes home to Melbourne, Australia, once every two years. He mainly hangs out in South-East Asia moving every three months. Travel is planned out well in advance based around great air fare deals. Check out more of Shane’s tips on how to save money on travel in retirement.

For more helpul Tips and Traps for Travellers go to the www.retirewellretirehappy.com.

DIY Investing, One Way To Keep Focused On Achieving Financial Independence.

I have diversified my investing pool in:-

How To Save Money On Travel In Retirement