Travel and transportation costs in retirement can be significant, especially if you plan on doing a lot of recreational travel. It may not be as large an expense as housing or medical costs, but it’s still something worth examining and controlling.
What are the best strategies for keeping your transportation and travel costs low in retirement?
1. Controlling Your Location
One of the most important strategies you can use to control your transportation and travel costs in retirement is controlling your location. When approaching retirement, many retirees consider the option of moving to a different location; this is an opportunity to downsize, as well as an opportunity to take advantage of an area with lower prices for just about everything.
