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The ever-changing scenery, vibrant social environment, extensive amenities, and improved healthcare services create an attractive option for seniors seeking an unconventional and lively retirement lifestyle. There are even luxurious resident-only ships catering primarily to retirees. Some options could be less expensive than a traditional retirement, but there are pros and cons. An alternative to booking back-to-back cruises or buying a condo is booking long-term cruises.
Enjoy a Well-Deserved Vacation at Sea
In that case, we think a total of $8,000 per person ($16,000 per couple) over the course of the year should be plenty for a retiree managing their budget. Of course, that figure comes from the average passenger who is living it up on vacation and likely spending more on a daily basis than a retiree would on a ship. For instance, we don't think someone living on the ship would be buying drink packages, gambling every day, or eating in the specialty restaurants on a daily basis. There’s no doubt that one issue of spending a long time at sea — even on a cruise ship — is battling the boredom of being in a relatively contained space.
Is retiring on a cruise ship still the dream lifestyle you envision?
Finally, living out of a suitcase can be tiresome, especially as you enter your retirement years and want to settle into a permanent lifestyle. Sure, the solitude and sense of adventure can be relaxing and exciting at first, but after a month or two on the water, most people will begin to miss the sense of community they could rely on before setting sail. This sense of isolation during cruise retirement can be difficult for many people, especially if they have children and grandchildren with whom they are close. Ross Media Solutions is a media company that loves to blaze new trails with our products and brands. We strive to encourage and promote the importance of family in each life we touch. Through Seniors Guide, we educate and empower seniors and their families to make their best choices.
A Day in the Life: Senior Apartment
It's possible to plan your retirement cruise itinerary to ensure you are always headed away from cold and snow. If you suffer a serious medical emergency at sea, a cruise ship’s medical facility will be able to treat you. So, the cruise ship’s medical team would most likely have you transferred to an adequate healthcare facility, which may or may not be covered by your medical insurance. While some people prefer the flexibility of only paying for exactly what they want while on board a cruise, this is only really practical for short-term vacations. If you were planning to spend several months or more going from one cruise to another, you would need to have everything included for one predictable fee. Remember, this price is just the average for a basic apartment rather than a retirement community with amenities that cater to retired individuals.
“Instead of suites and balconies, we now book an oceanview and occasionally an interior. We don’t do excursions (we have been to the same ports so many times) unless we are somewhere we have never been. “When we cruised for vacation, our budget per week was more, after all, it’s a vacation!
"We have clients that have been on board for over a year," said The Cruise Web's senior marketing and operations coordinator Michael Harris. "Usually they've downsized their permanent residence back home with many even renting it out while on-board" to help cover the cost of cruising, he added. They are also able to keep in touch with their children and grandchildren via phone and email. They also meet up with them at the various port stops along the way, so they have never had a sense of isolation or of missing out on their families life. On board, the Ansen’s have become a little bit like celebrities as other passengers recognize them. Both HSA and FSA accounts offer tax advantages on medical expenses, but which account is best?
To live in a half-decent retirement home community, monthly costs can easily exceed $4,500 per month. If none of these potential disadvantages deters you from retiring on the sea, it’s probably a good idea to try it out with a few shorter stays before fully committing. Sample a few different cruise lines to get a feel for what a floating retirement would feel like. If you've sailed before, then you know that the cruise fare -- while being the largest portion of what you'll spend -- is also just part of the cost of taking a cruise. To sail back-to-back on Seven Seas Explorer from April 1, 2024, to April 14, 2025, will cost a minimum of $397,110 or $1087 per person per day, exceedingly more pricey than other options. Adding to this, companies like Victoria Cruises and Storylines are very new and still yet to bring their product to market, it would be best to consult with a financial advisor before making long-term investment decisions.
Retired couple have spent almost 500 days at sea after booking 51 back-to-back cruises - Upworthy
Retired couple have spent almost 500 days at sea after booking 51 back-to-back cruises.
Posted: Mon, 02 Oct 2023 23:29:34 GMT [source]
At the same time, consider how you’ll expand your circle once you’re aboard the ship. Aside from the financial aspects of retiring on a cruise ship, there’s an emotional component to consider as well. Living on a cruise ship year-round may mean being away from your family and friends for long periods of time. Your cruise dates may coincide with major milestones such as graduations or births. Something else to keep in mind is the quality of care you could receive on a cruise ship. Ships are required to maintain medical staff on-call 24/7, including at least one physician.
Your Retirement Plan
These rooms are often too small for extended living and usually don't have windows. Yes, there are plenty of public spaces, but living for months without a window may become challenging. There’s no better way to toast the end of a long and fruitful career than on a retirement cruise with Celebrity. It’s easy to unwind aboard one of our ships, where you’ll find luxury, entertainment, and comfort at every turn.
Cruise ships offer the opportunity to wake up to new destinations regularly, providing a continuous change of scenery and cultural experiences. It's a good idea to meet with a financial professional to discuss the pros and cons. For commercial cruise ship retirees who do not have enormous budgets, the most affordable accommodations are small, inside cabins.
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Includes meals three a day, drinks available all day, in-room service (coffee, tea, soft drinks, draught beer, table wine). I would like to point out that there is no extra tip because it is included in the rental price. The cost of an indoor stateroom starts at US$7999 for two people per month, this comes out to approximately $11,725 per month, which comes out to $1352 per person per week or $193 per person per day.
During days at sea, lounge at the outdoor pool aand order a refreshing drink while listening to live music. Savor world-class cuisine at the onboard restaurants and order from menus crafted by a Michelin-starred chef. Your health insurance probably won’t cover a helicopter to the mainland.
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