Episode 126: "Want to Move Out of California? Here are 5 Costs You Must Consider First!"

Are you thinking about moving out of California? Before making this major life change, it’s vital that you consider these 5 important costs and how they could impact your finances – especially retirement savings! In today’s video, Tom pulls from his 29 years of working with retirees and shares why people want to move, and more importantly provides an in-depth look at key financial factors you need to consider before making the move. If you found this video helpful, remember to like & subscribe for more retirement planning tips and financial advice. Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 TIMESTAMPS 00:00 Moving Out of California & its impact on your finances & retirement 02:15 Consider Cost of Living 05:23 Consider all the Taxes 07:40 Consider Health Care 10:12 Evaluate the Housing Market & all the Associated Costs 13:37 Consider all Your Moving/Relocation Expenses 16:30 Other Costs? Adjust Your Trust/Will & Update Licensing/Registration 19:00 Understand the Estate Tax in Your New State 20:55 Who Can Help You Figure Out All the Costs Before You Move 24:40 Consider Each of These Items & Create Your List of Questions 25:09 How to Secure Help and Get Further Info Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 ===========================================  ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management Learn the key components you need to include in your retirement plan - Check this video out: https://youtu.be/QkJzvbZ_gDs #LeavingCalifornia #MovingOutofCalifornia #RetirementRelocation #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.  For more information go to: www.mosleywealthmanagement.com