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Where to Retire? Does it make sense to relocate in retirement?
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In today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the key steps to preparing for a move to another state in retirement. They cover financial assessments, including understanding state taxes and real estate costs, healthcare and insurance considerations, legal and estate planning needs, and the importance of social networks and community integration. The hosts share practical tips and personal anecdotes to help retirees make informed decisions about relocating, ensuring a smooth transition to their new homes.
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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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