Age old question - where to domicile
We have been fulltiming for 4-months now and are giving real consideration to doing this long-term. Part of that decision is selecting a domicile. Now, about us... I am in my mid-30s, work fulltime...
Forum Discussion
We were Maryland residents before going fulltime. Our address is now Crestview, Florida. We chose Florida because it was the closest to MD of the no tax states and had the best general/year 'round climate. We still have family in MD so we knew we would be back fairly frequently.
Florida taxes are better than MDs (we have no property so pay none). The car/rv registration fees aren't bad. Auto insurance is cheaper, at least in the Crestview area (we checked online through progressive as our previous insurer didn't cover FL).
For us, the other consideration was health insurance - it is cheaper in FL than TX and SD. We seriously considered Tennessee but the residency requirements were too difficult to get around.
With Florida, it was really easy. We got a mailbox. We changed the address on our bank account, credit cards, and retirement accounts (waited for proof of address, took about 3 weeks). We went to Florida, got car insurance (took 5 minutes in the parking lot) then went into the DMV and transferred everything over (took about an hour).
Florida taxes are better than MDs (we have no property so pay none). The car/rv registration fees aren't bad. Auto insurance is cheaper, at least in the Crestview area (we checked online through progressive as our previous insurer didn't cover FL).
For us, the other consideration was health insurance - it is cheaper in FL than TX and SD. We seriously considered Tennessee but the residency requirements were too difficult to get around.
With Florida, it was really easy. We got a mailbox. We changed the address on our bank account, credit cards, and retirement accounts (waited for proof of address, took about 3 weeks). We went to Florida, got car insurance (took 5 minutes in the parking lot) then went into the DMV and transferred everything over (took about an hour).
