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Terry Savage: Use the miles

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As baby boomers age and reach their 80s in good health, there's a growing realization that they should utilize accumulated travel miles and rewards. This shift in perspective encourages a proactive approach to enjoying experiences and passing on assets.
  • The current generation of older adults, unlike previous ones, is healthier and more active. This demographic is increasingly looking to leverage their accrued travel miles and loyalty program rewards. The sentiment is shifting towards enjoying these benefits rather than letting them expire unused.
  • Beyond travel, there's a growing emphasis on asset management and estate planning for this age group. A key aspect involves considering the distribution of assets, including intangible ones like travel points. Friends are advising each other to actively use these rewards, often for meaningful experiences.
  • This proactive use of miles can facilitate intergenerational travel, allowing older adults to create lasting memories with younger family members. It also opens up opportunities for new adventures and personal fulfillment. The focus is on experiencing life and sharing wealth, whether tangible or experiential.
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