If you prefer to travel by road rather than rail, Greyhound has a deal for you. Passengers who are 62 or older can net a small discount — 5 percent on Greyhound fares. As with Amtrak, restrictions apply. So be sure to check the website.
To score your deal, you'll need to sign up for Fazoli's Club 62. As the name suggests, this offer — billed as "for experienced eaters only" — is open to those who are 62 or older. By signing up, you'll have access to Fazoli's senior menu, and can order a small drink for just $1
The next four discounts are all associated with hotel chains. Travelers who are 62 or older save at least 15 percent when booking a room at more than 4,000 Marriott hotels across the globe. Even better, the offer is available every single day of the week!
Do you prefer Hyatt hotels? Luckily for you, Hyatt offers a senior discount – and it's a big one. You can save up to 50 percent on your room at participating hotels and resorts in the U.S. and Canada. As with all items on this list, 62 is the magic age when you qualify for the price break.
Holiday Inn hotels in the U.S. and Canada also offer a senior discount to travelers age 62 and older. However, the chain does not specify the size of the price break on its website. Call your preferred location for details.
Crowne Plaza is the fourth hotel chain on our list to offer a discount to anyone who has turned the big 6-2. Like Holiday Inn, Crowne Plaza does not specify the size of the price break on its website.
National Park Service
Many people dream of traveling the country in retirement, and the National Park Service helps turn such fantasies into reality by offering a $10 lifetime pass to the parks for all citizens and permanent residents who have turned 62.
The pass also qualifies you for a 50 percent discount on some amenity fees associated with the parks. The discount may apply to the following fees:
Specialized interpretive services
You can apply the next time you visit a national park, or apply via mail or online. Please keep in mind that there is an additional $10 fee for processing your application if you apply through the mail or online.
RELATED: 10 surprising facts about retirement life:
10 Surprising Facts About Retirement Life
10 Surprising Facts About Retirement Life
After decades of accumulating enough money to retire, it can be psychologically and emotionally challenging to spend down that money and watch your nest egg get smaller each year. "They are going to feel like they spent a lifetime accumulating this pile, and the idea of spending this down is just repulsive to them," says Alicia Munnell, director of the Center for Retirement Research at Boston College and co-author of "Falling Short: The Coming Retirement Crisis and What to Do About It." "For anyone who is retiring, I would give them permission to spend their money," she says.
Saving enough to retire is not your final goal. You should also develop a plan to make that money last the rest of your life. "You need to understand how you can minimize your risk in the portfolio, but you also need a component of that strategy that gives you growth because you need to stay ahead of inflation and taxes," says Laura Mattia, a certified financial planner and wealth management principal for Baron Financial Group in Fair Lawn, New Jersey.
Social Security is a significant source of income for most retirees. Almost all retirees (86 percent) receive income from Social Security, and Social Security payments make up at least half of the retirement income of 65 percent of retirees and comprise 90 percent of retirement income for 36 percent of retirees. "Most seniors do not have much income other than Social Security," says Nancy Altman, co-director of the Strengthen Social Security coalition and co-author of "Social Security Works! Why Social Security Isn't Going Broke and How Expanding It Will Help Us All." The average monthly retirement benefit was $1,282 in December 2014.
High medical care bills don't go away once you qualify for Medicare. Although Medicare covers a large amount of the medical treatments older people need, there are several popular services that it doesn't. For example, Medicare won't cover routine eye exams, eyeglass, dental care or hearing aids. And Medicare only covers up to 100 days in a nursing home. Retirees who require additional long-term care will need to find another way to pay for it. And while many preventive care services are covered by Medicare with no cost-sharing requirements, if something concerning is found, additional tests and procedures will be considered diagnostic, and copays and coinsurance are likely to apply. "You really need to understand what health benefits you can receive from Medicare and check how it will cover any ongoing health issues," says Christopher Rhim, a certified financial planner for Green View Advisors in Norwich, Vermont.
Without a job to go to every day, you could find yourself spending an increasing amount of time alone. Some 44 percent of Americans ages 65 and older live alone, according to U.S. Census Bureau data. Unless you sign up for a volunteer position or make an effort to socialize on a regular basis, you could become bored and lonely.
If you outlive your spouse or divorce, you might find yourself single again in retirement. While just over half (55 percent) of Americans age 65 and older are married, the rest are widowed (28 percent), divorced (12 percent), separated (1 percent) or never married (5 percent), according to census data. Some of these single seniors begin meeting new people and dating. There are a variety of online dating services that cater to people over 50.
As attractive as it sounds to move to the Sunbelt, most retirees don't relocate for retirement. Only 5.7 percent of Americans age 65 and older moved to a new residence between 2009 and 2013, and the people who do move most often relocate to the same state and even the same county, the Census Bureau found. Only 1 percent of retirees moved to a new state, and just 0.3 percent went overseas. Relocating to a new community in retirement often means leaving behind family and a support system that can be difficult to rebuild in a new place.
While the act of aging is an expected part of retirement, the loss of independence typically isn't as welcome. There may come a time when you can't drive, shovel your own walkway or climb on a chair to change a light bulb. You may even eventually need help with meals and bathing. Although the beginning of retirement is often full of fun and adventures, it's also a good time to make contingency plans for later down the road when you might not be able to care for yourself.
Retirees spend over half of their leisure time watching TV. Seniors ages 65 to 74 tune in for 3.92 hours on weekdays, and those 75 and older watch TV for an average of 4.15 hours each day, according to the 2013 American Time Use Survey by the Bureau of Labor Statistics.
Compared to the overall population, retirees ages 65 to 74 spend extra time lingering over meals, working on home improvement or garden projects and shopping, the American Time Use Survey found. Retirees also spend more time reading, relaxing and volunteering than younger folks.