Life Event Checklist: Cross Country Move

When life throws you a  curve ball it is good to be prepared with a plan.  With 30+ years of combined financial planning experience we have seen it all!  Please feel free to utilize the following checklist to help navigate these uncertain times in your life.

Cross-Country Move

• Credit Check – Often moving involves applying for credit, review your report to ensure no identity theft.
• Utilities – Create a list of utilities to turn off at your current location and on at your new one.
• Moving Expenses – If your move is work related, track moving expenses for potential tax deductibility. Contact a tax professional to determine what might be deductible.
• Change of Address – Start keeping track of all mailings 90 days prior to a move to notify individual organizations of your new address. Also notify the U.S. Postal Service.
• Change of Email – If you have been using an email associated with a local ISP (@myserviceprovider.com), consider changing to a web-based email (@yahoo.com, @gmail.com, etc.) so friends, family and acquaintances may keep in touch.
• Local Laws & Restrictions – If you own a gun, exotic pets or have children with special needs, check on potential requirements and/or special services available.
• Document Changes – Here are some items you will most likely want to update upon moving to your new location:
  Drivers Licenses
  Will, Health Care Proxy, Power of Attorney
  Banking relationships
  Auto/Home/Umbrella insurance
• IRA Withdrawals – If you are taking money out of your IRA and currently have state taxes withheld, determine if that should be changed based upon your new state of residency.
• College Savings – If you are moving to a state with higher state income tax rates, consider looking at your in-state 529 plan for possible tax deductions.

For assistance navigating a Life Event please contact us:

Spencer Corzine – 888-738-7018

Will O’Donnell – 585-754-3948

Donald Burger – 585-924-3069

Kyle Wentland – 585-500-6025