Travel the World in Your Retirement: Get the Most Out of Solo Travel

Article Summary

• The number one goal of women in retirement is traveling, followed by spending time with family and friends, and prioritizing time for hobbies.
• An increasing number of women traveling solo is driving growth in women’s tours. 
• Traveling comes with its share of expenses, and many women choose to prepare for those costs in advance.
  

It might be hard to find a woman who has not had their own version of an “Eat Pray Love” or “Under the Tuscan Sun” travel daydream. In fact, a survey revealed that the number one goal  women have for retirement is travel, followed closely by spending time with family and friends, and dedicating time to hobbies. 

More specifically, women who are traveling solo are among a growing contingent of travelers. Women over the age of 55, traveling alone, are actually driving growth in women’s tours, according to a prominent travel publication for women. A whopping 77% of all solo travel bookings are attributed to solo women travelers. 

Before packing a bag, there are a few details to consider. 

Female Solo Traveler Tips

Exercising the ability to travel alone takes some planning, from budget to safety to comfort. Accommodations make or break a trip. Depending on the type of traveler you are, and the destination you’re choosing, the type of accommodations available may vary in availability and price.

Comfort means different things to different travelers, and priorities vary from woman to woman. Comfort may be a five-star resort, a fully-appointed, off-grid cabin dropped in the middle of a rainforest, or a luxurious, ocean-view room on a cruise ship. What matters most depends on each traveler’s preferences and priorities. 

The cost of travel can vary significantly based on the type of experience someone wants.

The same goes for transportation. Security and comfort are common priorities, though their importance varies by traveler. Activities are also equally as personal. Where one solo traveler may relish an ocean-front cabana catered by a personal attendant, someone else may appreciate hard-to-reach adventurous excursions. Relaxation is relative. 

Regardless of a chosen route, cost is often one part of the planning process. Women take different approaches to managing travel-related expenses. Some payment programs offer travel-related features, though benefits and terms may vary by provider. 

When discussing retirement goals that include extensive travel, some women choose to speak with a financial professional. At Svvy, we understand that women seeking financial guidance may prefer to work with a female-focused fiduciary advisor who is aligned with their values and goals. 

If you are looking for the expertise of a financial advisor who specializes in working with women, Svvy®  will match you with an expert to meet your specific needs. The free Svvy®  match quiz, available on our website, is the first step in the process. 

If you would like to be connected with a female-vetted expert to create a plan for a retirement that focuses on travel, get matched with a Svvy® expert today. 

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy®  acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy®  Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.