Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

Establishing Residency In A New State, Pension Problems & Consolidating Accounts

Posted by smartmoneyquestions in pensions, Social Security, Taxes, advisor

Today's episode will look at how you could possibly establish residency in a different state as part of your tax planning. We will also answer questions regarding what to do when you have a pension with no survivor benefit and how to consolidate your retirement accounts.

Show Notes and Additional Resources:



Today's Rundown:

0:28- Bring on the new year and take us back to Y2K.

4:11- A women in California died but was still enrolled in a cable contract leaving the early termination fee to her kids. 

5:30- President Trump changed his residency from New York to Florida which raises the question, should you consider this too?

6:20- Lets look at how tax planning can help determine where you should establish residency. 

7:23- How does income and estate tax factor into the planing?

10:15- What other factors should be considered before making the move?

11:07- The importance of sponsorship planning. 

12:30- What do when you will be receiving a pension. 

14:05- What can be done after a pension plan has been chosen. 

21:00- Why your accounts should be consolidated and how to organize them. 

23:55- A look at better organized accounts after consolidation. 

Empowering Women in Financial Planning

Matt will be speaking at an event on the topic of empowering women in financial planning and it got him thinking a lot about examples in his personal and professional life that tie into the topic. This episode will run through statistics you need to know and the most important investment items you need to have in order. 

Click here to see the full show notes. Keep reading →


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