This week Jim and John cover the topic of retiring to another state, and how it can affect your retirement. There are three major expenses in retirement; shelter, medical costs, and taxes. All three can be affected by relocating out of state. There are obviously many factors to consider in making a move at retirement, including lifestyle, weather, social connections, cultural activities and access to healthcare. Jim covers the best and worst states to retire when considering affordability, quality of life, healthcare and taxes. They also offer a case study to illustrate how relocating to a different state can have multiple benefits if planned for correctly.
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