If you are among those who have recently retired and want to relax, travel could be your best medicine. It is usually during this phase of your life that you have enough time--if your children are on their own, and you no longer have to work. If you are healthy enough to travel and have a fair amount of money, you may just want to pack your bags and travel.
However, this is also the phase when you need to plan your travel more meticulously than you did in your younger days, because of the age factor and other requirements, no matter whether you are travelling solo, as a couple or in a group.
Here are five questions you could ask yourself before planning your holiday, and we will help you with the answers to ensure your travel plan is flawless and you have a memorable experience.
WHERE SHOULD I TRAVEL?
The key to deciding the destination is to not necessarily get affected by your emotions and long-nurtured dreams, but by assessing practical factors.
First, check if you are in good health. For example, if you have breathing problem or knee issues, then the mountains may not be right for you. Similarly, if you travel to remote places across different time zones and are on medication, you will have to be mindful. Consult your doctor, carry enough medicine and a prescription in case your stay gets extended. Also check if a proper medical care facility is available that you can access during an emergency.
This story is from the June 2024 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2024 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms