As the baby boomer generation reaches retirement age, with over 65 individuals turning 65 this year, many are opting for unconventional retirement lifestyles. Rather than the traditional choice of settling in condos or retirement communities, some, like retiree Johnston, choose to live on cruise ships. Johnston sold all her possessions except what fit in her car, embracing a lifestyle that combines travel, entertainment, and housing for about $100,000 annually. She meticulously tracks her spending and enjoys experiences like a recent 124-day world cruise.
This trend is gaining traction, with a growing number of long-distance travel options being offered, including residential cruises starting at $130,000. Financial advisors report that clients are becoming more innovative in their retirement planning, often driven by experiences they missed earlier in life. However, while retirement at sea appears appealing, factors like healthcare should be carefully considered, as ships provide basic medical services but may not cover all health needs.
For those interested in retirement at sea, thorough preparation, including consultations with healthcare providers, is crucial. Johnston, for instance, has already planned her cruises for the next two years, reflecting a broader trend of retirees exploring fulfilling lifestyles.
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