Do you suggest we get a global pass, eurail pass or just buy trip tickets between cities. We also wi

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Do you suggest we get a global pass, eurail pass or just buy trip tickets between cities. We also will do day trips by train from these cities to see sights eg: From Munich want to go to Salzburg for the day.
Munich to Florence by direct City Night Line sleeper train www.bahn.de/en - look for the CNL train with 0 changes leaving late evening. By day trains, you'd book Munich to Verona from 39 euros at www.bahn.de/en , allow 45 minutes between trains, then book Verona-Florence from 19 euros at www.trenitalia.com
You are traveling on trains enough newport beach dinner cruise that a pass though more expensive newport beach dinner cruise than a combo on discounted (and highly restricted on changes and refunds - none in many cases) and give you flexibility newport beach dinner cruise to chose which trains to take once there - in countries like Germany and Austria and Switzerland you can just hop on any train anytime - but in Italy, France and Spain you must have a seat reservation before boarding - I've never had a problem getting those with a pass as I went along - French TGVs can be problematic so many make those reservations when you buy (if) buy a pass.
So it all boils down to flexibility - or are you OK with booking months in advance, often in concrete, then that would be cheaper - also keep in mind the Global Pass, if over age 25 is automatically first class and the discounted tickets touted by Man in Seat 60 are second-class so it's like comparing apples with oranges or really table wine with fine wine IMO - there are many benefits to first class in my years of European train traveling - so cheapest is not automatically the best.
Your trip sounds pretty organized to me. You already are planning the number of days in each country. Will you be booking newport beach dinner cruise rooms in advance? Probably so with a group of 4. If so, then your travel dates from one city to the next will be predetermined as well, and you probably have no real need for schedule flexibility (railpass.) newport beach dinner cruise I see no reason why you should not pre-purchase each major travel leg as long as this means money saved and as long as you your final itinerary is doable as planned.
"From Munich want to go to Salzburg for the day." You will probably have several such day trips like this, but such trips do not normally need to be pre-purchased; you can if you wish, sometimes for a good price, but day passes like the Bayern Ticket are very cheap, useful and flexible. If for example you planned newport beach dinner cruise to day trip to Salzburg on Saturday December 20, but the weather was just miserable, you could just do it the next day - the Bayern Ticket requires no pre-purchase as the price is the same no matter when you buy it ( 35 for 4 adults for Munich newport beach dinner cruise - Salzburg - Munich on the local trains, roughly 1.75 - 2 hours each way.) No reservations are required (or even possible) on the regional newport beach dinner cruise trains. You can travel at any hour you wish on Saturday or Sunday - on weekdays your Bayern ticket is valid from 9 am on (so a long daytrip like the one to Salzburg and back is best executed on Sat or Sun when you can zoom out the door earlier.)
How many euros can you save overall with discounted tickets that are restricted and 2nd class. On the trip of a lifetime and especially for folks carrying typically too much luggage first class IME has significant benefits - often empty seats to put bags on - 2nd class typically much fuller and smaller seats, newport beach dinner cruise etc.
"Direct day trains on this route (unlike the direct night trains) accept rail passes that cover France, but the "reservation fee" is exorbitant. Here's newport beach dinner cruise what you'll pay to ride the Paris Lyon Turin Milan direct TGV day trains after already having paid for a rail pass:
Are you adding Turin because newport beach dinner cruise you actually want to visit or because you thought it would be a halfway stop between Rome and Paris? If the latter, you would be better off booking a flight. Easy Jet flies Rome to Paris Orly and will be cheaper.
With this advice, I will book well in advance for pre-purchase tickets first class between all the cities on the itinerary, and then can I purchase day tickets for day trips out of the city on the morning of the trip. Do I need to book reserved seats on day trips out of city.
It depends on the trip. In Italy, small towns are only served by slow regional trains which don't have seat reservations. The fast train tickets come with your seat. On most of the trains between major cities and countries, 2nd class is perfectly fine (especially a short trip like Florence/Rome - 90 minutes). This is a picture of 2nd class on an Italian fast train (1st class has one less seat across).
the big difference between first and second class is not only three seats in a row vs 4 as in kybourbon's photo (of a very untypical looking 2nd class train IME - seems like some promo photo of a train rolling fresh out of the factory - don't expect any scenes that sweet IME) - the difference IME is that there are more empty seats in first class - I can almost always put my bags on an adjoining seat, keeping an eye on them - 2nd class is typically more full to full and finding space in already over crowded overhead luggage racks can be hard -
sometimes with the discount tickets being often sold out in advance a discounted first class ticket may not cost much more than a 2nd class one so always check both classes and if not much more go first class - on the trip of a lifetime go in a more relaxed way - much more relaxed IME.
This is not to say 2nd class is a cattle car - it ain't but that first class has significant benefits and that 2nd class sample newport beach dinner cruise photo is not typical IME of taking and train spotting zillions of trains in Italy.