Summary In this episode of Healthy and Wealthy Retirement, Mark Struthers discusses the implications of relocating to low tax states, emphasizing the importance of making informed decisions. He covers various factors to consider, including total tax burden, home affordability, quality of life, job opportunities, and healthcare costs. Struthers highlights the need for a holistic approach to retirement planning that goes beyond financial aspects to include social and emotional well-being. Takeaways -Moving to a lower tax state can be beneficial if planned well. -Consider the total tax burden, including local and property taxes. -Home affordability is a key factor when relocating. -Quality of life and social connections are crucial in retirement. -Evaluate job opportunities in the new location before moving. -Healthcare costs can vary significantly between states. –Infrastructure and community amenities should influence your decision. -Make sure to understand how your income will be taxed in the new state. -Planning with a financial advisor can help in making informed decisions. -Research the cost of living, including utilities and groceries. Sound Bites “Quality of life is a big one.” “Make sure you’re making an informed decision.” Chapters 00:00 Introduction to Holistic Retirement Planning 00:29 The Trend of Relocating to Low Tax States 01:28 Understanding Total Tax Burden 03:24 Evaluating Home Affordability and Costs 05:20 The Importance of Quality of Life 07:23 Job Opportunities and Economic Stability 08:21 Healthcare and Cost of Living Considerations Curious about working with Mark: https://www.videoask.com/fd9svtp2l www.SonaWealthAdvisors.com Disclosure: Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document. This video is for educational purposes only. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.