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Vacation Tips for 2021


Christian talk radio with Rob West

May 1, 2021

Summer is just around the corner and that means folks are starting to plan for summer vacations. After a year cooped-up with COVID restrictions, 2021 could see a surge in people hitting the road. Some areas are still in shutdown mode while others are opening up, hoping for a better season than last year. On this episode, we’ll present some tips for planning your warm weather getaway. Know the effects of COVID-19 on trip planning. There’s no question that the availability of vaccines is increasing confidence in getting out of the house. But that doesn’t mean that masks are a thing of the past. They’re still required on planes, buses, trains, taxis and ride-sharing services. Many states and establishments are expected to maintain mask requirements through the summer, as well. Don’t expect everything on your journey will be open. If you’re traveling by car this summer, you can’t assume that everything will be open (or open as late) along the way to your destination. It’s highly advisable to plan your hotel, restaurant, and service station stops so you know where you can stay overnight, grab a meal and gas up when you need to. Ask what steps the rental car company takes to clean the vehicle. Ideally, a company only offers cars that have been thoroughly wiped down with a disinfectant and sanitation procedure which includes door handles, steering wheel, shift lever and control panel. You should also bring your own disinfectant wipes and keep them handy. Call ahead to make sure your preferred hotel is open. Also ask what steps they’re taking for COVID safety, such as reducing capacity, social distancing, and requiring staff and guests to wear masks. And if the hotel has a restaurant you might want to use, is it open? If not, ask about other restaurants within a convenient distance. Air travel is still highly affected by COVID with many restrictions. You’ll want to ask your airline about in-flight amenities like food and beverage services (which could be limited or not available at all). Maybe your vacation plans include a cruise--an industry that’s been just devastated by COVID. While the Centers for Disease Control has lifted its ban on cruises, many cruise lines are voluntarily continuing their suspension of sailing operations in the months ahead. So, if you’re considering a cruise this summer, check with the cruise line or a travel agent about availability and restrictions. You should know that the CDC is still urging us to delay traveling and warning that it will increase your chances of contracting and spreading COVID-19. Many state and local governments still have travel restrictions. These may include testing and quarantine requirements. Check with the appropriate health departments along your way. You have to be flexible and prepared for changes before and during your trip. On this program we also answer your questions: --I had a 401(k) at a previous employer and I left it there when I quit the employer. I’ve since rolled it over into an annuity. Was that a good move? --My 30-year-old daughter’s employer is beginning a new retirement program where they’re going to match at .25% up to 6%. In her situation, would you recommend a Roth or a traditional IRA for my daughter? --I have some critical medical issues that make my life expectancy hard to predict. I really want to leave money to my grandkids and to several charities and also want to do a few things for myself in the time I have left, so what’s the best way to set up my estate to handle this? --My husband and I are expecting an extra cash payment to come our way shortly. After tithe and taxes we should have about $10,000 remaining. Is it better to use all of that to pay down debts, or to save some or all of it in our emergency savings fund? --My wife is taking early retirement and we’d like to roll her retirement savings over to an IRA. In light of wanting to stay diversified, is it okay to use the same investment firm to manage her account as we use to manage mine? Or should we use two different investment managers? Ask your questions at (800) 525-7000 or email them to [email protected] Remember that you can connect with a MoneyWise Coach, find books, articles and other helpful resources including the free MoneyWise app on our website Like and Follow us on Facebookat MoneyWise Media for videos and the very latest discussion! Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate in the app or on our website.

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