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What You Must Know Before Becoming a Snowbird

Tuesday, November 24, 2020   /   by Brad Brethouwer

What You Must Know Before Becoming a Snowbird

Snowbirding ties in quite nicely with retirement, but is it the right move for you? This is something that’s been a dream of mine, and today I’m joined once more by certified financial planner Nick Toman to answer that question.

“You need to understand all your sources of income in retirement.”

Most often, when he hears the term “snowbird,” it’s referring to those who are either getting ready to retire or are already retired and want to move somewhere warm. If you’re considering moving to, say, Arizona or Florida, the key thing you need to understand before making a decision is your cash flow. Can you afford to make your move?

Some considerations you might need to make are selling your property here in Wisconsin before buying your retirement property