Are you thinking about retiring out of state? Before making this major life change, it’s crucial to understand the real costs involved and how they could impact your retirement savings. In today’s video, Tom pulls from
his 29 years of working with retirees and provides an in-depth guide on the key factors you need to consider before making the move, including:
Why People Relocate
Comprehensive Cost Evaluation
Tax Considerations
Healthcare Costs
Housing Market & Associated Costs
Moving & Relocation Expenses
Planning & Preparation:Don't let unforeseen expenses derail your retirement plans! We’re here to guide you through the financial landscape of retiring out of state, helping you make an informed decision that aligns with your retirement
dreams. Watch now and equip yourself with the knowledge you need for a smooth and successful retirement transition.
Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀
00:00 How Moving Out of State Can Impact Your Retirement
00:37 People are Moving to Lower Cost of Living & Taxes
01:44 People are Moving for Better Climate & to Be Close
06:00 Before You Move to Another State: Evaluate the Entire Cost of Living
09:45 Consider all the Taxes
12:00 Consider Health Care
14:40 Evaluate the Housing Market & Associated Costs
17:56 Consider all Your Moving/Relocation Expenses
20:56 Other Costs? Adjust Your Trust/Will & Update
23:23 Understand the Estate Tax in Your New State
25:20 Who Can Help You Figure Out All the Costs Before You Move
28:28 Consider Each of These Items & Create Your List of
29:30 How to Secure Help and Get Further Info
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇
https://mosleywealthmanagement.com/contact/
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involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is
not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but
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