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06/16/2014 10:37 am ET Updated Jun 16, 2014

Things To Consider Before Retiring Out Of State

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Living in California, I often hear how expensive it is to live here, primarily because of higher taxes. But I've started to debunk that myth for my clients, and provide them with some information about what they need to consider before retiring out of state.

I'm 61, and last year I had this idea about retiring in Reno, Nev. It doesn't snow much. It's 4,000 feet above sea level, but not so high that I'd get congestive heart failure. And there's no income tax. I thought it had to be the cheapest place.

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