Cruise Ship

How to Retire on a Cruise Ship.

Retirement on a cruise ship is a major lifestyle shift, so consider these factors before committing to life at sea.

"If you enjoyed cruises during your vacation time, it may be appealing to think about moving onboard permanently in retirement. Cruising has become increasingly accessible during the last decade and continues to provide a somewhat leisurely mode to explore the world. While the idea of setting sail and enjoying a plethora of amenities can be attractive, there are logistics to consider before signing up for long-term cruising.

To investigate retirement on a cruise ship, you’ll want to:

• Understand what’s involved with the lifestyle.
• Look at your finances and set a budget.
• Review options for the services you need.
• Consider how your social life will be impacted.
• Outline your priorities and talk to family.

Use the following information as a starting point to help you decide if you should spend your retirement years on a cruise ship."

Check out this US News and World Report article from June 2022 to acquire some insight regarding the steps that should be considered before embarking on such an adventure!

The Costs of Spending Retirement Living on a Cruise Ship - SmartAsset

"The first step in planning for retirement involves forming a clear vision of the lifestyle you want to enjoy. Often that means pulling up stakes and moving to another location in the United States or abroad – choosing your new home based on tax-friendliness, cost, livability, and other factors. But other retirees choose a very different lifestyle: traveling around the world permanently aboard a cruise ship. If you’re considering this option for retirement, there are some important financial implications to keep in mind. Before setting out you may want to discuss your full retirement plan with a financial advisor who can help you prepare."

What Is the Cost of Retiring on a Cruise Ship?

"Living on a cruise ship in retirement could be a cost-saving measure for seniors who may be working with a smaller financial nest egg.

“A cruise ship retirement has the potential to be more affordable than a standard retirement if you were comparing it to living in a retirement home or assisted living community,” says Tricia Tetreault, a financial analyst for Fit Small Business."

There are a number of important tips, including some that are totally unique to this type of adventure.

Check out this May 2023 article from SmartAsset that addresses the cost of retiring on a cruise ship.