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Travelling for over 50s

Whether you want to split that into a number of different adventures or go for one long stint, there are plenty of options available to suit everyone. Get your bucket list out and start planning your next excursion today!

Approaching retirement age can be an exciting time for many. It often means more spare time to do the things you’ve always wanted to such as travel. While it’s a time of so many new opportunities, you may be wondering how are you going to afford such expensive adventures, where are the best places to go, and realistically, how long should you go for?

Where do over 50s often travel to?
Just because you’re over 50, doesn’t mean you have to head off on a month long cruise with other people your age. There are so many exciting places to explore across the globe, and now is as good of a time as ever to venture off to see them.

Write out your bucket list of destinations you’ve always wanted to visit and start planning. Whether you’ve always dreamed of taking a ride on Switzerland’s Glacier Express, go wine tasting through the Champagne region in France, or to experience the natural wonders of Canada’s Banff National Park, the possibilities are endless.

How do you afford these excursions?
Whether you have life savings or not, you may be wondering how on earth you’re going to afford an expensive, once in a lifetime trip. While you may not want to dip into your life savings that may be ready to gift to your children or grandchildren, there’s another potential option for you to explore. 

According to equity release experts Key, some over 50s are willing to downsize or use equity release to fund these exciting adventures. In the first half of 2020, they found that 27% of their customers used the tax free cash tied up in their home to pay for holidays.

Will Hale, CEO at Key, said that the “demand has remained strong as more customers look at explore how housing equity could help them support them in later life…”.

What’s the most common length of time to be away for?
Generally speaking you’ll have no ties during this time in your life, unless of course you have pets at home who rely on you. That means you have the ability to jet off for as long as you’d like! According to national research commissioned, 23% of those who are retired go away five times a year or more! The findings also showed that these people who venture away, typically go for a total of 33 days a year.

So, whether you want to split that into a number of different adventures or go for one long stint, there are plenty of options available to suit everyone. Get your bucket list out and start planning your next excursion today!

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