Retiring to a different state
A retiree's checklist before moving to another state
Whether you're escaping rough winters, chasing cooler summers or getting closer to the grandkids, it helps to think through all the implications of a retirement move before crossing state lines. Here are a few tips to evaluate the move and make it work:
- Visit across seasons. A place you love in May may not be the place you'll want to be in February.
- Do the tax math. State income, property, sales, and estate taxes vary widely and can reshape your budget.
- Confirm that your coverage travels. Medicare Advantage and Medigap plans don't always work the same way across state lines.
- Update your legal documents. Powers of attorney, wills and trusts may need redrafting under your new state's law.
- Don't stack big changes. If retirement or a major loss just happened, give yourself time before moving.
- Plan your social landing. Look up clubs, faith communities or hobby groups you can join when you arrive.
