Being a Snowbird could be a great lifestyle in retirement but one place will need to be your legal residence and it’s the laws of that state which will dictate your estate planning.
If you have retired early and to save money you got the least expensive HMO you could find it might not cover routine procedures if you are out of state.
If you think you might like the RV life style do some homework before you make a down payment on an RV.
“Let’s go someplace warm this winter” is heard in many conversations. You want some place warm to avoid the winter cold and snow.
When it’s snowing and blowing with temperatures hovering around 30 degrees in New England the snowbirds want to be somewhere where it’s sunny and a pleasant 75 degrees.
You’ve worked very hard to achieve your goals and accumulate assets. Now you need to protect them!
Life is full of obstacles! A stock market downturn, a job loss, illness, a disability, divorce, a boomerang kid, even elderly parents needing financial help.
Knowing when you want to reach your goals is your time horizon and that should dictate what you invest in and how much risk you take.
A net worth is a snap shot of where you are financially at a given moment in time. It is a list of your assets and your liabilities.
The financial choices in our lives are overwhelming. It’s become a lot more complicated and involves a lot more planning than it used to.