Should I Move to Another State to Save Money on Taxes & Expenses?

Many retirees bounce around the idea of moving states in retirement with the goal of saving money on taxes and expenses. It makes sense on the surface but will it benefit you as much as you hoped?

Today we’ll dive into the numbers, talk through some of the costs that blindside people, and help you better understand what needs to be evaluated before you make the move.

 

Here’s some of what we discuss in this episode:

• The migration trend and what’s behind the move to different states. (2:20)
• Here are some of the advantages. (5:31)
• What you should consider if you’re approaching retirement and considering a move. (6:59)
• Costs that often blindside people. (13:15)
• A few more factors to pay attention to. (17:40)
• The 3 big taxes you need to assess before moving. (20:40)

 

Get in touch with Don and learn more: https://doncashpodcast.com/