SOURCE: Merrill Lynch & Company, Inc.
Does Your Retirement Plan Include Travel?
SCRIPT: Lifestyles, I'm Brian Osuch. After a lifetime of punching the clock and meeting deadlines, a record number of Americans age 65+ are set to transition into retirement. Ken Dychtwald is Founder and CEO of Age Wave…
CUT: (Dychtwald) Today's retirees reject yesterday's model of old age. They see retirement as a time for new beginnings. In fact, 81% say they want "peak experiences" that give them lifetime memories, according to a new Merrill Lynch study.
SCRIPT: 77% of those surveyed say they want to travel and visit places they've never seen. Cyndi Hutchins is Financial Gerontologist for Merrill Lynch…
CUT: (Hutchins) The top places retirees want to travel to in the U.S. include Hawaii, New York and California. When it comes to travel activities, they want to go sightseeing, explore a city and take a cruise...
SCRIPT: But are retirees financially prepared to travel?
CUT: (Hutchins) Not as much as they need to be, two-thirds of retirees haven't budgeted for travel. Identifying leisure goals and creating a budget with the help of an advisor can make the most of these key years.
SCRIPT: For more, go to ML.com/leisure. That's Lifestyles from Merrill Lynch.