Benjamin Sullivan, EA, CFP

Moving to a new state can save you a lot of money over time. However, high-tax states are often suspicious of such moves, so it's important to keep track of your move-related documents.

Evaluate your income potential and cost of living in your proposed new state, not only its tax rates. Use estimates specific to your lifestyle instead of general cost-of-living metrics. Consider both one-time and recurring costs that you might incur as a result of the move.