Choosing State Residency Prior To Embracing a Full-Time RV Lifestyle

Several retirees choose to spend their golden years in a wheeled home instead of a brick-and-mortar house. If you are contemplating a fulltime RV lifestyle, first research the listing sites for a suitable motor home. We will advise you to look for one of the used Class A motor homes for sale, as these particular units are likely to give you the maximum value for your money, both in terms of available space and affordability.

Well, if the choice of the vehicle was the first step toward embarking on a mobile lifestyle, the second important milestone involves choosing a state of residence. What did you say? Haven’t ever heard about it? We are sure, many others haven’t, too. For all of you who are not aware of this crucial part of full-timing, we have come up with a brief guide highlighting all the major aspects of choosing a state of residency.

  • One of the first things that people do when embracing a full-time RV lifestyle is selling their home. However, there is one more important thing that you must decide— without a traditional home what your legal address would be.
  • A legal address for residency needs to be a street address, and therefore, you cannot just provide a post box number as your legal address. Whichever state you choose, you will have to spend some time in that state to set things up.

  • You have two options with regard to your choice of the state:
  1. Remain a resident of your current state where you presumably have your near and dear ones who will not mind if you use their addresses.
  2. Select another state that is friendly to full-time RVers. However, before applying for residency, check if you meet the eligibility criteria for that state.

  • If you have lived in a state for many years, you may find it difficult to cut ties with the place abruptly. But you can enjoy some serious financial advantages by seeking legal residence in a different state. Costs of registering and insuring a vehicle widely vary from one state to another. You can save thousands of dollars in the registration fee and sales tax by deciding to register your vehicle in a state that has low or no sales tax. When you are purchasing a high-value vehicle like a motor home, savings in these areas can make a big difference, especially for retirees with a limited income.

If you decide that you should change your state of residence from the one you have been living so far, consider the following aspects:

Driver’s License

You must get a driver’s license from your state of residence. Some states may require you to take a driver’s test. You will need to produce a photo ID proof to initiate the process.

Registration and Insurance

 You need to complete all registration and insurance formalities in the same state from which you have obtained your driver’s license (your state of residency).

Voting

 Enroll your name in the voter’s list right at the time of getting a driver’s license.

Health Insurance

You’ll have to buy your medical insurance in your new state of residence. If you already have Medicare, notify the authority of your new address in your new state

Tax

Different states offer various tax benefits. For example, the seven states, namely   Alaska, Florida, Texas, Wyoming, Washington, South Dakota, and Nevada have no state income tax at all. Several states do not tax Social Security income, while many others do not tax pensions. Calculate how the residency in a particular state might affect your tax liability in advance, and take the decision accordingly.

Eager to start the all- new phase of your life? Then, do not delay it unnecessarily. Start looking for suitable deals in used class A motor homes for sale. Also, choose your new ‘home’ state.  It is time to be on the road again.  You have miles to go, to see and try new things. So don’t look back, enjoy the journey forward.

 

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