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International Retirement Travel Tips: Making the Most of Your Pension

Updated: Apr 4

Retirement Travel: Making the Most of Your Pension Are you nearing retirement age and dreaming of traveling the world? You're not alone! Many individuals in their 50s and beyond are embracing the nomadic early retirement expat lifestyle, exploring new countries, and making the most of their pension. If you're ready to embark on your retirement travel adventure, here are some tips to help you make the most of your pension and enjoy a fulfilling and financially secure retirement.

Tips for International Retirement Travel 1. Plan Ahead: Before you retire, take the time to plan your travel budget. Consider your monthly pension income and how much you can comfortably allocate towards travel expenses. Research the cost of living in different countries and create a budget that allows you to enjoy your retirement while still being financially responsible. 2. Embrace Slow Travel: One of the advantages of retirement travel is that you have the luxury of time. Instead of rushing from one destination to another, embrace slow travel. Spend a few months in each country, immerse yourself in the local culture, and truly experience what each place has to offer. Not only will this allow you to save money on accommodation and transportation, but it will also give you a deeper appreciation for the places you visit. 3. Take Advantage of Visa-Free Travel: As a retiree, you may have more flexibility when it comes to visa requirements. Research countries that offer visa-free travel for retirees and take advantage of these opportunities. For example, in Europe, you can stay in the Schengen Area for up to 90 days without a visa. By strategically planning your travel within the Schengen Area, you can maximize your time in Europe without exceeding the visa limit. Consider doing the Schengen shuffle. This is accomplished quite easily by spending time in non-schengen countries such as Montenegro, Albania and Macedonia just to name a few. 4. Consider House Sitting: Accommodation can be one of the biggest expenses when traveling. Consider house sitting as a way to save money and experience local life. Many homeowners are looking for responsible individuals to take care of their homes and pets while they are away. In exchange, you get to stay in a comfortable home for free. Websites like TrustedHousesitters and HouseCarers can connect you with house sitting opportunities around the world. 5. Stay Healthy and Insured: As you embark on your retirement travel adventure, it's important to prioritize your health and have adequate medical insurance. Research international health insurance options that cater to expats and retirees. Make sure you have coverage for any pre-existing conditions and consider adding emergency medical evacuation coverage for peace of mind. 6. Connect with Like-Minded Travelers: Retirement travel can be even more enjoyable when you connect with like-minded individuals. Join online communities, attend travel meetups, and consider joining organized group tours specifically designed for retirees. Not only will you make new friends, but you'll also have the opportunity to share experiences, tips, and travel recommendations.

7. Plan for Currency Fluctuations: Currency fluctuations of up to twenty percent are completely feasible, especially if you are staying somewhere long-term. It is important to maintain a buffer for unexpected situations that may arise. Retirement travel is an exciting chapter in your life, filled with adventure, relaxation, and new experiences. By planning ahead, applying the retirement travel tips outlined above, embracing slow travel, taking advantage of visa-free opportunities, considering house sitting, prioritizing your health, and connecting with like-minded travelers, you can make the most of your pension and create memories that will last a lifetime. So go ahead, start planning your retirement travel adventure and get ready to explore the world!

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A scene of children playing in the Novi Sad, Serbia square. They are blowing large bubbles in front of the cathedral
Novi Sad, Serbia

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We are Warren and Julie; we are early retirement travelers with a wanderlust for seeing the world. As of 2024, Warren has visited 46 countries, and Julie 45, our dogs Katie and Arya have been to 26 countries. We transitioned to a permanent life of slow travel retirement in March of 2020. The goal is to spend quality time in the countries we travel to spending a month or more at a location, while also taking side trips and adventures along the way. We really want to feel the culture, know the people, and examine the cost of living, while also doing the typical tourist attractions. We are traveling with our two dogs, which adds a layer of complications at times. You are invited to join our slow travel roving early retirement journey. Please join our Facebook!

A man and a woman with their two dogs in Sandomierz, Poland in the heart of the historic district
Sandomierz, Poland historic district

We absolutely love this fantastic soft carrier dog backpack. It has now been used on three continents and is still in great condition. I highly recommend this for small dogs. It was very comfortable for our dog on our transatlantic flight as well. High quality construction and great back support!

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