In this episode of the Australian Retirement Podcast, Drew Meredith and James O’Reilly dive into one of the biggest goals for retirees — travel. From road-tripping around Australia to extended overseas holidays, they discuss how to budget for travel, how to keep costs under control, and why more retirees are choosing to bring their big trips forward rather than wait.
They unpack the 33% jump in travel costs over the past five years, strategies for saving money without sacrificing the experience, and how the 1/15th Rule can help you figure out exactly how much you can afford to spend without risking your retirement security.
Whether you’re planning caravans or cruises, house-sits or hotels, this episode is packed with realistic guidance and expert insight.
Topics covered today
- Why travel is such a powerful goal in retirement
- The 33% rise in travel costs vs. general inflation
- Tips to travel smart: shoulder seasons, Airbnbs, longer stays
- What $20k/year on travel really means for your portfolio (hint: $300k)
- The 1/15th Rule: a guide to sustainable spending
- Some real world case studies of the impact of front loading travel
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