Our Plan to Domicile in Texas

Last week we made a big announcement. We're moving to Texas! Yes, that's right. Our plan to domicile in Texas is underway and we're sharing the why's and how's in this video.

No state income tax means we can recharacterize our traditional IRA into a Roth IRA while paying no taxes on the transfer. Capital gains harvesting is another way we'll reduce our future tax burden.

Get ready to talk taxes!

Resources we discuss in this video:
Mad Fientist blog post - https://www.madfientist.com/traditional-ira-vs-roth-ira/

Go Curry Cracker! - https://www.gocurrycracker.com/never-pay-taxes-again/

Escapees - https://www.escapees.com/

#domicileintexas #escapees #earlyretirement

New to Airbnb? Save money on your first stay with our link
--- https://www.airbnb.com/c/arutherford2?currency=USD

We use Travel Freely to manage our credit cards and to help pick our next card - it's free!
--- https://my.travelfreely.net/share?bref=glyt

If you’re interested in becoming a house sitter (or you need a house sitter), this is the site we use…
--- https://www.trustedhousesitters.com/su/uqCNQtgC (it’s our referral link!)

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About us...we are Tim and Amy and we retired early (in our 40s) after reducing our expenses by $6,500 a month. Now, our big splurges tend to be travel and health-related versus stuff.

Please check out our other videos. They cover house sitting, award travel/travel hacking, and our early retirement/FIRE (financially independent, retired early). And, of course, travel! Lots of our videos show the fun stuff we do on a budget around the world.

You can find us at...
www.GoWithLess.com
Facebook - https://www.facebook.com/GoWithLess/
Twitter- https://twitter.com/GoWithLess
Instagram - https://www.instagram.com/wegowithless/

Thanks for watching! See you next Wednesday!

Видео Our Plan to Domicile in Texas канала GoWithLess