Prøve GULL - Gratis

Old Age Travel Travails: Things To Check Before You Hit The Road

Outlook Money

|

December 2023

For seniors, travelling is more than just an experience. They need to ensure the destination is suitable to their health and other requirements. We have a checklist

-  Versha Jain

Old Age Travel Travails: Things To Check Before You Hit The Road

This year, when Moradabad-based Anil Jain and his wife Beena (both 73) visited their son Akshay (39), who works in Bengaluru, in October, the family planned a few outings nearby. The senior couple visit their son and his family once every year.

On their itinerary was visiting Shravanbela Gola, a Jain pilgrimage in the Hassan district of Karnataka on the first day, UB City Mall in Bengaluru the next day, and then go to Ooty, a famous hill station in Tamil Nadu, for a week the following day. But by the time they reached Ooty, the hectic schedule took a toll and worsened Anil’s persisting knee issue, which made walking difficult for him. He also fell ill and had to spend most of the time in the hotel itself.

The Jain family later realised that they should have made a more laidback plan, with ample time for rest and relaxation, and should have chosen a destination that was easier on the knees of the senior couple.

THE TRAVEL BUG

Travelling has become one of the top choices for the elderly. According to a recently published PGIM India Mutual Fund Retirement Readiness Survey 2023, travelling is one of the major goals of people (67 per cent) who have their retirement planning in place.

Over the years, seniors have become more adventurous. While earlier, their travel plans, especially in India, typically, included visiting friends and relatives in different cities, taking tours with family or travelling to pilgrimage destinations, things are now changing.

Outlook Money

Denne historien er fra December 2023-utgaven av Outlook Money.

Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.

Allerede abonnent?

FLERE HISTORIER FRA Outlook Money

Outlook Money

Here's How To File a Complaint With RERA

For many people, buying a house often turns into a nightmare due F often turns a di to delay in possession, subpar construction, fraud by the builder, etc.

time to read

2 mins

August 2025

Outlook Money

Don't Lose Out To Loss Aversion

No one likes losing and will do anything to avoid it. When it comes to investing, losing hurts more and that leads us to situations that are not rational, such as holding on to losses in the hope of regaining our capital.

time to read

2 mins

August 2025

Outlook Money

Outlook Money

Don't Let The FOMO Buzz Affect Your Investments

Most of us would have experienced the concept of fear of missing out (FOMO) at least once in our life. It could trigger when your neighbour buys a bigger car than you, your friends post pictures of holidays abroad or fancy eating places and the like.

time to read

2 mins

August 2025

Outlook Money

ITR Filing 2025: What Last-Minute Filers Must Keep In Mind

As the extended income-tax filing deadline of September 15 approaches, many last-minute filers are rushing to gather documents and avoid penalties. While the basic method of filing income tax returns (ITRS) stays the same, there are a few changes you should note when filing your returns for financial year 2024-25 (FY25) or assessment year 2025-26 (AY26). These include changes in ITR forms, revised Form 16 disclosures, and expanded reporting requirements for crypto assets and foreign income. For instance, deduction disclosures under Sections, such as 80C and 80D, have become more detailed. Also, the tax deducted at source (TDS) schedule has been updated and requires you to mention the exact section under which tax was deducted. It's important for taxpayers to pay closer attention this year.

time to read

5 mins

August 2025

Outlook Money

Outlook Money

Sunk Cost Fallacy Can Drag You In Deeper

We usually spend our time and money on investments or items, with the unsaid expectation of reaping some benefit at the end.

time to read

2 mins

August 2025

Outlook Money

Biases That Hold Back Senior Citizens

Seniors are often plagued by biases when it comes to investment, relocation or other life goals. However, longer livespans, inflation, and physical and mental well-being could often necessitate a change in outlook

time to read

8 mins

August 2025

Outlook Money

Ditch Anchoring And Dial The Right Number

Imagine walking into a store of your choice to buy a shirt. You see a tag that says, \"MRP: 2,500 - Now available for *1,200.\" Suddenly, the *1,200 tag feels like a great deal even if *1,200 was your budget all along. Why? Because your brain just got anchored to *2,500.

time to read

1 mins

August 2025

Outlook Money

Dividends Vs Bonus Shares

When a public limited company earns profit, it can either reinvest that money back into the business or share a portion of it with its shareholders.

time to read

2 mins

August 2025

Outlook Money

Outlook Money

Instant Gratification: Rein In Your Desires

The gap between desiring something and purchasing it has never been shorter than it is today.

time to read

2 mins

August 2025

Outlook Money

Recency Bias Can Hurt Your Portfolio

Have you ever noticed how an equity mutual fund delivering better returns over the last year suddenly gets all the attention even if it lagged behind for a few years before that?

time to read

2 mins

August 2025

Translate

Share

-
+

Change font size