How to Travel the World in Retirement Without Breaking the Bank

Shutterstock

One of the best parts about retirement is finally having the time to travel. But fixed incomes only go so far. And even if you’ve saved for retirement, you probably don’t want to run through it with a couple of trips.

It takes a lot of thought and planning, but it’s doable. Here are some ways to travel the world without breaking the bank.

Travel vs. Vacation

There is a difference between traveling and vacationing. With a vacation, you may take a week or two-week long trip. But with traveling, you’re trading in your normal life for a life based on travel.