Wealth Management & Financial Planning

Wealth Management & Financial Planning

Home is where the heart is” but when it comes to state taxes and legal matters, where is your home?

Consider This Program with host Joe Clark, CFP and co-host Angi Kinser In this segment, we will cover: Determining your domicile is difficult. There are versions of things that matter, but that is not always a guarantee. For a state to become your domicile, you must be in that state for a certain number of days. The number of days you spend in the state does matter. Maintaining your domicile is not as difficult as changing your domicile. All the states want you to live there. When you spend nine months in Florida, that does not mean you can simply declare your domicile is in Florida. It doesn’t work like that! All states have to have revenue. What you really want to do is find out which state will provide you with the best tax opportunity.

The IRS doesn’t care where you live; the state cares where you live. An average American won’t have a lot of issues. If someone is paying over $1,000,000 to a state government and then they pick up and go, the state will care. Some states will continue to tax you when you leave that state. From a political standpoint, it’s going to be interesting how they change the tax code. Schedule your complimentary


Next Steps meeting today! www.yourlifeafterwork.com 800-928-4001

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see our Disclosure page for the full disclaimer.

Want to sign up to receive the Market Carver?

Schedule a "Next Steps" Meeting

If you request a “Next Steps” meeting, we will discuss with you things you should do today, things to consider tomorrow, and if we choose to partner together… a written plan on what Financial Enhancement Group can do to help meet your goals.

Have a question for Grant and Aaron?

Submit your question, and you might just hear it on an upcoming episode of “Elements in Focus.”

Receive Our Free weekly Market Update Video

The FEG team regularly shares pertinent financial information to help educate our friends and families on what’s happening in the market, as well as information on financial planning. Fill out the form below to be added to our list for distribution.

Access all of our checklists!