Many baby boomers are hoping to do more traveling as they enter their retirement years. After decades of cramming travel into long weekends and limited vacation time, new retirees often have a pent up desire to visit new places. Here’s how baby boomers plan to travel in retirement:
A travel bucket list. Many baby boomers (38 percent) say they have created a travel bucket list that they hope to embark upon within the next several years, according to an AARP survey of 889 baby boomers. Boomers have an average of eight places they hope to visit. “A lot of people are celebrating going into retirement,” says Keith Deane, a certified financial planner for Deane Retirement Strategies in New Orleans, Louisiana. “They like to go all out taking a big vacation or a long trip or a cruise.”
Domestic travel. Boomers are slightly more likely to prefer domestic travel (53 percent) to international destinations (47 percent), AARP found. “There is no language barrier and there is no passport needed,” says Patty David a senior research advisor at AARP. “There is no money changes element, and it’s just a little bit easier.” When daydreaming about travel within the U.S., boomers have a preference for the farthest-flung states of Hawaii and Alaska.