The COVID-19 pandemic has resulted in many things, including canceled trips. Americans are now wondering about summer travel plans, and if it’s wise to make them before the country fully reopens. Just because everything isn’t completely back to normal yet doesn’t mean you can’t or shouldn’t take a vacation this summer – even if it means staying closer to home than you originally planned. Here are three things to know before making summer travel plans.
What’s Open?
More hotels will reopen to leisure travelers in the coming months and will likely be instituting stricter safety protocols. Hilton, for example, says their hotels will have contact-less check-ins and more rigorous cleaning practices. As for vacation rentals, several states and counties temporarily banned Airbnb and VRBO. This may or may not change over the summer, depending on the state. Before planning a vacation, know what’s open in the area and to what extent. In some states, beaches are open, but visitors aren’t permitted in the water, and other states require out-of-state visitors to quarantine for 14 days.
What Will Flying Be Like?
Air travel has dropped dramatically, and many Americans may continue to avoid flying for fear of infection into the summer. If you are getting on a plane, occupancy may be capped at 50% or 60%, and the middle seat left open. Many airlines and airports now require passengers to wear masks and have their temperatures checked before boarding. They are also instituting strict disinfection and safety standards. Nonetheless, those flying should take precautions such as frequently washing hands and avoiding travel if they have any symptoms.
Planning a Staycation
Even if a trip to Europe this summer is off the table, it doesn’t mean you can’t take time to enjoy yourself. Taking a long weekend can be worth it even if you’re just staying in your home. What’s important is to set aside the time as leisure time – that means no work around the house or checking your email. It may mean exploring a different part of the neighborhood, ordering takeout from a new restaurant, or sitting down with a novel or favorite movie. Whatever you’re doing, know the ways to stay safe as we get back to normal.
If you’re taking the time to make summer travel plans, also consider taking the time to focus on your financial future. Whether you’re nearing or in retirement, we can help you create a solid plan that takes your unique retirement goals into account. We offer no cost, no obligation financial reviews so we can learn more about your financial planning needs.
The commentary on this blog reflects the personal opinions, viewpoints and analyses of BML Wealth Management’s employees providing such comments, and should not be regarded as a description of advisory services provided by Cooper Financial Group. The views reflected in the commentary are subject to change at any time without notice. Nothing on this blog constitutes investment advice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future returns. Investment Advisory services are offered through Cooper Financial Group, an SEC Registered Investment Advisory firm. All Insurance Services are offered through BML Wealth & Insurance Services. California Insurance License #0M15550. BML Wealth Management & Cooper Financial Group are not affiliated.
We do not provide tax or legal advice, all individuals are encouraged to seek guidance from qualified professionals regarding their personal situation. Any references to protection benefits or steady and reliable income streams in this guide refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured. Indices mentioned are unmanaged and cannot be invested into directly.
The commentary on this blog reflects the personal opinions, viewpoints, and analyses of BML Wealth Management’s employees providing such comments and should not be regarded as a description of advisory services provided by West Wealth Group, LLC. The views reflected in the commentary are subject to change at any time without notice. Nothing on this blog constitutes investment advice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future returns.
Investment advisory services through West Wealth Group, LLC, an SEC Registered Investment Adviser. BML Wealth Management and West Wealth Group, LLC are affiliated entities. Insurance Services are offered through BML Wealth & Insurance Services, California Insurance License #0M15550.
We do not provide tax or legal advice. All individuals are encouraged to seek guidance from qualified professionals regarding their personal situation. Any references to protection benefits or steady and reliable income streams in this guide refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products.
