Home On The High Seas
Is it better to set sail or stay on dry land in your retirement years? Financial journalist Sarah Jagger investigates.
LIVING later life visiting exotic corners of the world rather than retreating to a retirement home is undeniably attractive.
In fact, some retirees have already taken the plunge. For example, there’s the case of American octogenarian Lee Wachtstetter, who sold her Florida home and relocated to a series of luxury liners after her cruise-loving husband, on his deathbed, told her, “Don’t stop cruising”. There’s also Beatrice Muller, who was for many years the only “permanent resident” aboard the QE2.
But what should you take into account if you’re considering following in their wake? around £600 a week.
“Simply opt for a cheaper route over a longer period,” Sarah Coles, a financial advisor at Hargreaves Lansdown, says. “Pick an inside cabin and book plenty of time in advance.
“For £741 a week, you would get a bit more choice, the occasional outdoor cabin, and could even manage a round-theworld trip.”
Keen cruisers should be aware, however, that the “extras” available onboard can easily push up cruise costs.
“There will usually be charges for drinks, room service, premium restaurants and excursions, plus tips. So factor these in when you’re doing the sums.”