News Summary

• Many retirees dream of spending their golden years on the go.
• If you aren’t careful in your planning, you could wind up spending much more than you intended.
• Using tools like the U.S. Department of Labor’s planning worksheets can help in outlining expenses and setting realistic travel budgets.
• Retirees should anticipate spending between 5% to 10% of their annual budget on travel, with some dedicating up to $50,000 a year for more extensive journeys.