Planning Your Retirement Move: Taxes, Healthcare, & Community

In today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the essential steps to prepare for relocating to another state in retirement. They cover key considerations including financial assessment, healthcare and insurance implications, legal and estate planning, and integrating into a new community. They emphasize the importance of understanding state taxes, real estate markets, cost of living, and social security implications. The duo also talks about practical tips like trying out living in the new state for a month and connecting with local social networks. Additionally, they touch on personal stories and the significance of researching all aspects to ensure a smooth and enjoyable transition.

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00:00 Introduction: Ready for Sunshine and Relocation

00:40 Personal Thoughts on Relocation

01:12 Meet Casey: Remodeling Updates

02:02 Step 1: Assessing Financial Implications

03:17 State Taxes and Residency

03:43 Real Estate Market and Housing Costs

05:16 Social Security and Pension Considerations

07:17 Healthcare and Insurance Considerations

10:02 Local Senior Services and Final Thoughts

10:59 Happy Meals for Dogs

11:26 Aging and Relocation Considerations

12:31 Estate Planning Essentials

14:07 Building Social Networks in a New State

16:09 Cost of Living Adjustments

17:41 Practical Tips for Relocation

19:29 Casey's Book Report

20:39 Conclusion and Contact Information

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