Relocating in Retirement – Embark on a New Adventure with Confidence

Retirement is a new beginning, a time for you to enjoy the benefits of a lifetime of hard work. Part of that new beginning often involves relocating – a chance for you and your family to discover new adventures and create lasting memories. To help ensure a successful next phase of life, it’s essential to evaluate the practical implications of a relocation, from cost-of-living analysis to strategic tax planning.

At Mercer Advisors, we’ll help guide you through the key priorities for wealth management when relocating in retirement. Our comprehensive resources and expertise will support you during each step of your relocation, helping to ensure a smooth transition to your new home.

The Importance of Understanding Estate and Inheritance Taxes by State

A state’s estate and inheritance tax situation are an important consideration in the relocation process. Where you live will have a significant impact on what your heirs receive and the taxes they may have to pay. Your advisor will help you navigate your relocation decision for more favorable tax environments and maximize the inheritance for your beneficiaries.

Source: Bloomberg Tax; state statutes

Important Considerations – A Guide to Relocating in Retirement

Relocating in retirement is an important decision, emotionally and financially, that should involve comprehensive planning with your wealth advisor. From understanding housing markets to finding a new community, clarifying your options is the first step in making the best decision for you.

A State-by-State Guide to Making Your Retirement Dollars Go Further

Preserving more of your retirement savings is a primary goal of many retirees. Analyzing housing costs, property taxes, insurance, and the overall real estate market for each state is vital to help ensure affordable long-term living costs aligned with your retirement budget.

Source: ConsumerAffairs, 2023

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