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Kiplinger
Kiplinger
Business
Choncé Maddox

The SKI Travel Trend Is Reshaping Retirement Spending

(Image credit: Getty Images)

For a long time, the goal of retirement planning felt pretty straightforward: save diligently, spend carefully and leave something meaningful behind for your kids.

But that script is starting to change. More retirees are rethinking what they want their money to do for them. Instead of holding back for the sake of a larger inheritance, they are choosing to spend more on experiences now, especially travel. You may have even heard the phrase "SKI," short for "Spending Kids' Inheritance," pop up in conversations or headlines.

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