{"id":296,"date":"2020-02-11T15:28:36","date_gmt":"2020-02-11T15:28:36","guid":{"rendered":"http:\/\/ladintax.com\/blog\/2020\/02\/11\/travel-in-2020\/"},"modified":"2020-02-11T15:28:36","modified_gmt":"2020-02-11T15:28:36","slug":"travel-in-2020","status":"publish","type":"post","link":"http:\/\/ladintax.com\/blog\/2020\/02\/11\/travel-in-2020\/","title":{"rendered":"Travel in 2020"},"content":{"rendered":"
\n

A recent study revealed that young
\nadults are more interested in spending money on experiences rather than material
\ngoods. In the study, 43 percent of respondents reported compromising on their
\ndaily expenses to save money for travel. One of the positive effects of
\nglobalization is young people have greater exposure to different cultures in
\ndifferent parts of the world and want to learn more about them.1<\/sup> \u00a0<\/p>\n

However, travel isn\u2019t just for the
\nyoung. Retirees have long enjoyed the pleasure of seeing the world once they
\nstop working and have more time. If we can help you create a retirement income
\nstrategy and develop more confidence about saving and budgeting for retirement
\ntravel, please give us a call.<\/p>\n

If you\u2019re planning on flying later
\nin the year, be advised that the Department of Homeland Security will require
\ntravelers to show a Real ID to fly within the United States starting Oct. 1. Many
\nstates now issue a Real ID-compliant driver\u2019s license. Other acceptable forms
\nof identification include a state-issued enhanced driver\u2019s license, valid
\npassport or U.S. military ID.2<\/sup><\/p>\n

If you plan to travel abroad,
\nconsider registering for a Smart Traveler Enrollment Program (STEP) online
\naccount with the U.S. State Department. Your personal information and travel
\nplans will be enrolled with the nearest U.S. Embassy or Consulate while you are
\nout of the country. Either entity can provide information about safety
\nconditions in your destination country, contact you in an emergency, and help
\nfamily and friends get in touch with you in an emergency situation. You can
\nregister at https:\/\/step.state.gov<\/a>.3<\/sup><\/p>\n

The annual Berkshire Hathaway
\nTravel Protection study revealed that the safest place to travel is Australia
\n(this study was likely conducted before the recent bush fires). Other top
\nsafety destinations include Sweden, New Zealand, Italy, the Netherlands and
\nFrance.4<\/sup><\/p>\n

In terms of airlines,
\nAirlineRatings.com selected Quantas as the world\u2019s safest airline for 2020; it
\nis also the world\u2019s oldest continuously operating airline (99 years). Second-
\nand third-place spots were claimed by Air New Zealand and EVA (Evergreen
\nAirways), which is based in Taiwan and has a \u201cspotless safety record.\u201d5<\/sup><\/p>\n

Moving forward, industry experts say the newfound interest
\nin travel has created new challenges, as well as innovative solutions.
\nAccording to the World Economic Forum, international air arrivals are expected
\nto increase 50% between 2016 and 2030. However, the world\u2019s airports do not
\nhave the capacity to handle this level of growth. One way to process flyers
\nmore quickly is a new test pilot program called Known Traveller Digital
\nIdentity (KTDI). This process enables travelers to fly without a passport
\nbetween international destinations using only their mobile phone for identification
\npurposes. Biometric technology, such as fingerprinting and facial recognition, will
\nbe utilized to move passengers along in faster transit lines.6<\/sup><\/p>\n

Content prepared by Kara Stefan
\nCommunications.<\/em><\/strong><\/p>\n

1<\/sup> Kris Naudts. World Economic Forum. June 24, 2019. \u201cHow
\ncuriosity and globalization are driving a new approach to travel.\u201d https:\/\/www.weforum.org\/agenda\/2019\/06\/curiosity-globalization-driving-new-approach-to-travel<\/a>. Accessed Jan. 3, 2020.<\/p>\n

2<\/sup> DHS. Oct. 1, 2019. \u201cDHS Reminds Travelers that
\nDeadline for REAL ID Compliance is One Year Away.\u201d https:\/\/www.dhs.gov\/news\/2019\/10\/01\/dhs-reminds-travelers-deadline-real-id-compliance-one-year-away<\/a>. Accessed Jan. 3, 2020.<\/p>\n

3<\/sup> U.S. Department of State. 2020. \u201cSmart Traveler Enrollment
\nProgram.\u201d https:\/\/step.state.gov<\/a>. Accessed Jan. 3, 2020.<\/p>\n

4<\/sup> Jessica Montevago. Travelmarket Report. Jan. 3, 2020.
\n\u201cSurvey Says, These are the Safest Places to Travel to in 2020.\u201d https:\/\/www.travelmarketreport.com\/articles\/Survey-Says-These-are-the-Safest-Places-to-Travel-to-in-2020<\/a>. Accessed Jan. 3, 2020. <\/p>\n

5<\/sup> Rich Thomaselli. TravelPulse. Jan. 2, 2020. \u201cThese
\nAre the World\u2019s Safest Airlines For 2020.\u201d https:\/\/www.travelpulse.com\/gallery\/airlines\/these-are-the-worlds-safest-airlines-for-2020.html?image=20<\/a>. Accessed Jan. 3, 2020. <\/p>\n

6<\/sup> Johnny Wood. World Economic Forum. June 26, 2019. \u201cYou
\nmight soon be travelling without a passport \u2013 this is how.\u201d https:\/\/www.weforum.org\/agenda\/2019\/06\/you-might-soon-be-travelling-without-a-passport-this-is-how<\/a>. Accessed Jan. 3, 2020. <\/p>\n

We are an independent firm helping individuals create retirement
\nstrategies using a variety of insurance products to custom suit their needs and
\nobjectives. This material is intended to provide general information to help
\nyou understand basic retirement income strategies and should not be construed
\nas financial advice. <\/em><\/p>\n

The information contained in this material is believed to be reliable,
\nbut accuracy and completeness cannot be guaranteed; it is not intended to be
\nused as the sole basis for financial decisions. If you are unable to access any
\nof the news articles and sources through the links provided in this text,
\nplease contact us to request a copy of the desired reference.<\/em><\/p>\n

1059051B<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A recent study revealed that young adults are more interested in spending money on experiences rather than material goods. In the study, 43 percent of respondents reported compromising on their daily expenses to save money for travel. One of the positive effects of globalization is young people have greater exposure to different cultures in different…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[],"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/296"}],"collection":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/comments?post=296"}],"version-history":[{"count":0,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions"}],"wp:attachment":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/categories?post=296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/tags?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}