For those of you approaching retirement, or comfortably settled into it, you’re likely eager to explore new horizons or pursue personal fulfillment. In fact, one recent survey found that 57% of Americans want to travel abroad when they retire, while 12% plan to live abroad. If you plan to vacation or move abroad, it’s important to remember anything can happen. To ensure your safety, security, and enjoyment, you need to think about proper budgeting, insurance coverage and even registration with U.S. embassies in case trouble arises.

First, create a budget based on your retirement income as well as your travel priorities. Foodies travel for different reasons than outdoorsy types or art buffs. Only you know what would complete and enhance your trip, so budget for it. That should include travel insurance, one of the most overlooked traveling expenses that can make a world of difference during your trip. It can save the day if something goes wrong such as valuable items stolen, flights delayed, or even an issue with a hotel reservation. More importantly, travel insurance can provide medical coverage which may be critical if you have a chronic illness, take daily medication, or are hospitalized while abroad.

Over at My Itchy Travel Feet, writer Donna Hull also suggests registering with the U.S. state department’s Smart Traveller Enrollment Program (STEP). This program shares your trip with the nearest U.S. Embassy or Consulate and once enrolled, you’ll receive important safety information about your destination so you can make informed decisions while traveling. Your enrollment also makes it easier for the U.S. and your family to keep track of you if you’re in danger.

And for those of you thinking of retiring abroad, take a look at some potential concerns here and here, before you pack your bags and up-end your current life. But if you must go? Grab your suitcase and click here to see the most popular spots in the world for retirees.