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

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.