With 10,000 Baby Boomers retiring every day, there are many options for where and how to live as the obligations of the workday disappear. Some seniors plan to leave their homes, perhaps to downsize and move nearby, or to move across the country or even across the globe. As with every major life change, there are tax implications to these decisions. This article highlights the areas to consider when planning to move to a different state. 

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If your retirement planning includes a move to minimize your tax liability, check with your accountant at Sharrard, McGee & Co., PA to determine the pros and cons of your preferred destination.  Call (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.