When to Consult a Professional

While researching cheap places to live in retirement is something you can do independently, actually executing an interstate move requires professional guidance. Consider consulting an expert in the following scenarios:

• Updating Estate Plans: Estate laws vary wildly by state. When you move, you must hire a local attorney to update your will, trusts, and advance healthcare directives to ensure they comply with your new state’s laws.
• Tax Planning: If you are selling a long-held home to fund your move, consult a CPA to understand potential capital gains taxes and how your new state will tax your specific mix of retirement income.
• Medicare Transitions: Moving often triggers a Special Enrollment Period for Medicare Advantage and Part D plans. A licensed Medicare broker can help you select a new plan that covers your medications and local doctors.