The Smart Take:
Avoiding Ohio income tax is key for many snowbirds. The old adage of just having to be out of Ohio for 6 months never was correct. Listen to Kevin explain the key steps in documenting your Ohio nonresidency.
Request The Ohioan’s Guide To Snowbirding In Florida: https://www.truewealthdesign.com/contact/
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The Host:
Kevin Kroskey – About – Contact
Introduction: Welcome to Retire Smarter with Kevin Kroskey. Find answers to your toughest questions and get educated about the financial world. It’s time to Retire Smarter.
Walter Storholt: Well, it’s time for another edition of Retire Smarter, get ready to get smarter when it comes to your retirement on today’s show. Walter Storholt to you alongside Kevin Kroskey, President and Wealth Advisor at True Wealth Design serving you throughout Northeast Ohio with offices in Akron and Canfield. Find us online at truewealthdesign.com. And Kevin, before we go too far down the road, I want to make sure that if folks are interested in learning more. If you clicked on today’s show, I’m going to guess you have a slight interest in snowbirding. We want to tell you a little bit about the guide that Kevin has put together specifically for snowbirds, so it’s the Ohioan’s guide to snowbirding in Florida. This is something, Kevin, that you’ve put together to help people learn all the nuances, some of which we’re going to go over on today’s show. But all the nuances and things to consider when it comes to making that decision to start living part or even the majority of the year in a new location, and all the layers that are involved in that decision.
Walter Storholt: If anybody wants to get that guide before we even dive into the conversation today, you can just look at the link that’s in the description of today’s show. You’ll see a link for the guide. You click on that, that’ll take you to a contact page where you can reach out to Kevin and request the guide. So just check the description of today’s show for that. Or if you’re already on the website listening, you can just click on the Contact form at truewealthdesign.com. That’s truewealthdesign.com. And for those of you who are old school and want to use the phone, that’s fine as well. 855-TWD-PLAN. 855-TWD-PLAN. Call in and just request the guide. Kevin’s going to know what you’re talking about. If you mention the words snowbird and guide, we’ll narrow it down from there and know what you’re looking for. But helpful guide that you’ve put together, Kevin, and we’re going to dive into some of the details that are in that guide on today’s show, which should be a lot of fun.
Kevin Kroskey: Yeah, so on the last episode we talked more about some high-level tips and then factors that really go into your retirement plan, understanding the cashflows fitting into your retirement plan. And this time we’re really going to be going into specifically for Ohioans, really documenting your domicile for the purpose of avoiding Ohio state income taxes. So there’s a lot of details that go into this, the law has changed a lot over the years and the old, “Well, hey, if I’m just outside of Ohio for six months, I’m good.” That really doesn’t apply. So we’re going to actually walk you through it, talk about some of the backgrounds to it, what the law was, how it’s changed so you don’t get caught up by some of the people that had tax court cases brought against them by the State and how to do it right. So that’s what we’re going to get into today.
Walter Storholt: All right, so let’s dive into it. I enjoyed all those four tips, which by the if you didn’t listen to the previous episode, definitely go check it out. Four Tips to Snowbirding in Florida, and covering lots of different ground on that particular episode. But on today’s episode, we’re going to go more into the nuances of what was the second tip in the previous show and that’s determining your residency. Do you do it in Florida? Do you do it in Ohio? And the big myth that we dispelled in that last episode, Kevin, was you can’t just live in a place for six months and a day and say, “Okay, I’ve claimed residency there.” That’s a wise choice or the thing that you should automatically do. Lots more pieces to the conversation and we’re going to dive into that now.
Kevin Kroskey: We are. An important concept to remember is you can have more than one home, but you can only have one domicile. And domiciles at least it’s defined legally and as I understand it, it’s this gray area. It’s really not defined legally, it’s been more defined through court cases. And it’s somewhat subjective because it really goes about your intent really. What’s is your home? What do you consider to be your home? And what sort of actions do you do that actually support that intent? So if you think about it, if you were … I don’t know, extravagantly wealthy and had, say, 12 different homes all over the world and … 12 different States, let’s keep it domestic. But you spent one month in each home. So in none of the homes did you really meet the six-month test there and you have stuff everywhere. So in a case like that, what is your home? So historically what that has meant is things like voter registration, where do you vote? Where’s your driver’s license held? Is it Ohio? Is it Florida? Is it some other State?
Kevin Kroskey: What address do you put on your tax return? Before technology came, it was even more about, well what’s the address on your credit card statements? Where’s your bank? Where are your tax and financial and legal people? Really where all those things culminate or at least have in certain court cases to go ahead and try to support a taxpayer’s intent on where their domicile is or is not. So again, you can only have one domicile, but you can have more than one residency, and these are somewhat subjective. But thankfully, Ohio specifically has what they call more of a bright-line statute and that’s what we’ll get into next. So bright-line really means just an objective statute. If you do these things then you are going to be considered a nonresident for state income tax purposes. And actually, before I even get there, let me back up a moment. I don’t think I mentioned this, but the other important concept here is if you’re an Ohio resident, then you must pay Ohio income tax on worldwide income.
Kevin Kroskey: So it doesn’t matter if you’re earning some income in another state, you’re still Ohio, that’s your domicile, that’s where you’re paying state income tax. Now, if you paid State income tax in that other State, it will work as a credit to an offset on your Ohio State income tax. However, if there is no other tax that you pay, say you go to a non-tax State like Florida or Texas, but you’re still an Ohio resident, then you’re paying Ohio income tax. So that’s important. So again, Ohio residents must pay Ohio income tax on worldwide income. If you’re a non-resident, however, you will only pay Ohio income tax on the income earned or received in Ohio. So what does that mean? Well, take a simple example, the office building where True Wealth is. So it’s a building that I own through a corporate entity. And even though I’m a Florida resident, that’s my domicile, I still have an income-producing property in Ohio. So yes, so I’m going to be potentially subject to Ohio State income tax on that property because it’s physically located in Ohio.
Kevin Kroskey: So that’s an example there where you could be a nonresident for Ohio income tax, but the income that you receive in Ohio would then be taxed there. So important to remember. If you talk about residency then, if you are a resident for Ohio income tax purposes, it means you’re going to be domiciled here. So we talked about domicile and the fact that it’s really more subjective and intent base. However, some years ago, Ohio got into a more bright-line test legally in the Ohio revised code and really came up with this period or this concept of contact periods. So this kind of gets to that old adage about the six months. If you’re outside of Ohio for six months, then you’re fine. And again, it’s not exactly the whole story and it’s not even accurate any longer. And think of a contact period is basically spending the night in Ohio, an example that I’ve given before, we have a client where this is actually true.
Kevin Kroskey: They fly into Ohio a lot of times back from Florida and they’ll visit with one of their kids outside of the Cleveland Akron-Canton Airport for, say, the afternoon and then they’ll drive back to another child that lives outside of Pittsburgh and spend the night there. So they flew from Florida, came back to Ohio, certainly had contact with Ohio, right? They flew into the airport, they got the rental car there, and then they visited family there, but then they went to Pennsylvania and stayed overnight with the other child. Well, the way that Ohio defines a contact period, that actually does not qualify for them as having a contact period with Ohio because they didn’t spend the night in Ohio. They spent the night in Pennsylvania. So it’s just simpler to think about in terms of how many nights that you spend in Ohio, but that’s kind of the thing that comes about of causing a contact period. And the other thing that’s important is 2015 then-governor Kasich signed legislation that increased the number of contact periods that you are allowed to have as a non-resident from 182 all the way up to 212.
Kevin Kroskey: So this is approximately going from those six months to seven months. So it’s contact periods though, that’s really the detail and the important measuring piece there. It’s not just saying six or seven months, it’s 182 to as many as 212 contact periods with Ohio. So it gives you a lot of latitude. My understanding was that there was, I believe some research done showing that if the prior legislation with the 182 was too onerous and really people were still meeting it, they just weren’t coming back to Ohio and staying outside of Ohio for longer. And the net impact was Ohio would be better off by having a less stringent contact period requirement. So they said, “Hey, we’d rather have these people be in Ohio spending their dollars here. It’s going to be a net positive for the state, so let’s give them some more flexibility. We’ll go from the 182 to the 212 contact periods.” That’s all secondhand, but that’s what I had heard from somebody that I know and respect. So I guess whatever the reason, that’s the law of the land.
Kevin Kroskey: So if you go over the allotted contact periods, you are presumed to be domiciled in Ohio and thus pay income taxes in Ohio on your worldwide income. You can technically rebut this assumption with what a court case had called clear and convincing evidence to the contrary. But for all intent and purposes, I’ve been told by attorneys that have argued state and local tax issues that it’s pretty much not going to happen. It’s very difficult to prove that. So that change was made in 2015. A court case happened actually later that year that got somebody caught up. And even though they had met the contact period test, they did some other things that we’ll talk about in a moment that went counter to that and they got ensnared in Ohio income taxes, and penalties, and interest to the tune of somewhere around $10,000. And what happened then in 2018 after the court case was resolved they amended the law and now Ohio has an irrebuttable presumption. So I’ve never heard those-
Walter Storholt: Irrebuttable? Oh, wow.
Kevin Kroskey: Irrebuttable presumption of non-Ohio domicile as long as you have no more than 212 contact periods and you meet some other conditions. We’ll go over those other conditions in a moment, but this is that bright-line test that I mentioned. So you don’t have to go through moving your voter registration … Well, I won’t say you don’t have to do that, but it’s not going to be all these facts and circumstances and some of this subjectivity. It’s taking that out of the equation, making a bright-line test, and is … The way that Ohio puts it is having an irrebuttable presumption provided that you have no more than those 212 contact periods and you meet some other conditions.
Walter Storholt: Interesting to see that this is something that … It’s not like this law’s just been sitting there and the rules are the rules, there are constant changes happening in and around this whole concept of being a snowbird. I mean, obviously it’s popular enough to where it needs to be regulated, or talked about, or decided upon from a legal standpoint. So interesting to see that. I just guess I thought it would be the kind of thing if someone set the rules up long ago and they’ve just stayed that way, but no. It’s like everything else is a constantly changing landscape.
Kevin Kroskey: Yeah. I mean, I think you have a lot of laws that are tweaked because they were written with a certain intent, that intent was not followed or maybe the law was not as well-drafted and clear. And that was the case here where, again, something happened after the 2015 amendment to the 212 where the taxpayer got caught up in Ohio income tax. And so some of the things that came out of that, they just said, “Hey, let’s make this a little bit clearer and let’s have this irrebuttable presumption so the intent that we started with is really going to be met.” At least they think. So we’ll see if there are more court cases after this. But irrebuttable presumption sounds pretty good to me.
Walter Storholt: That’s definitely our word of the week right there.
Kevin Kroskey: Yes. Yes. Yes. I love the legalese stuff that you come across here. So the other requirements that also need to be met, I’ll just go through them here. But so again, no more than 212 contact periods. You need to have at least one abode outside of Ohio where depreciation is not claimed and it’s claimed under a specific section of the tax code. But in short, your primary residence, you don’t depreciate. You only depreciate property that is income-producing like a rental property. So your primary residence, you don’t appreciate. And generally speaking, so that’s all that that’s saying there. So you can’t say, “Hey, I have an Ohio house, but I have this other house and I rented out some. But I stay there some too and I’m going to depreciate it. And then I’m also going to say I’m a nonresident for Ohio income tax purposes.” That doesn’t fly. So no more than 212 contact periods, have a home or abode outside of Ohio where depreciation is not claimed, did not hold a valid Ohio driver’s license at any time during the taxable year.
Kevin Kroskey: So this is another important one, you didn’t have an Ohio driver’s license at any time during the taxable year. So when you think about this, it gets into, well, hey, maybe I bought this place in Florida, say mid-year. I’m going through all this stuff and going to go ahead and change my license. But there’s a transition year. I go from being an Ohio driver’s license and Ohio resident to being in Florida. So everything that we’re talking about here is really, you have to have it for the whole year. So there’s some planning we’re not going to get into today, but there’s a transition year before you can really have your Florida driver’s license for the entire year, or Arizona, or whatever state it may be. Again, the key is that you didn’t hold a valid Ohio driver’s license at any time during the taxable year. So you’re always going to have a transition year that you just need to be mindful about, and then some more of those old rules about subjective intent is more so going to apply. Additionally, you did not receive the Ohio homestead property tax exemption.
Kevin Kroskey: So this is basically, it saves Ohio seniors that qualify about $500 on average on their property taxes. But it’s a pretty low-income level that you’d have to have for it to qualify, and it’s about $33,000 in 2019 of Ohio adjusted gross income. And Ohio doesn’t tax social security, so say if you have 30,000 of income from your IRA coming out, and you have 60,000 between a husband and wife and social security income, you can have a nice lifestyle with $90,000 of taxable income coming in. But it looks at least in Ohio that you don’t have that much money. So it’s kind of counterintuitive in a way. Most people that are going to have two homes that have to worry about documenting your domicile like we’re talking about are going to be hiring com people. But you could conceivably have somebody with somewhere in the neighborhood of $100,000 of income. Quite a nice lifestyle certainly can support two homes if they didn’t have mortgages on them as well as their lifestyle at that level. And they could potentially qualify for the Ohio homestead exemption.
Kevin Kroskey: In fact, we have a client, exact same situation actually in their 70s and it’s going to be more advantageous to be a Florida resident and have their domicile there. I just went and looked on their property tax bill and found like, “Oh hey, you’re claiming this Ohio home set exemption, it’s saving you a few hundred dollars if we actually change your domicile to Florida.” And he’s selling a business interest in the not too distant future, but it’s going to save him in the neighborhood of 20-$30,000. So what do you like better? $500 or 20-$30,000?
Walter Storholt: Oh, you should have asked me that one. That was one that had me written all over it [inaudible 00:17:30].
Kevin Kroskey: I’m sorry. Well, I don’t think I’ve actually asked you a question.
Walter Storholt: That was a good chance for a win today, man.
Kevin Kroskey: I’m sorry, buddy. I’m sorry. I’ll do my best to circle back here on something else.
Walter Storholt: But that’s a significant difference. You just threw that out very casually. You said a couple of hundred dollars one direction and then we’re talking 20-$30,000 the other direction. Significant dollars.
Kevin Kroskey: Huge. And it’s not … You’re selling your business interest, this is outside the scope of today’s conversation because it can get pretty complex about is he actively involved in the company? Is he not? Is it a passive investment? And some of the tax ramifications on that are different. But in his case, he can go ahead if he changes his domicile to Florida, which he’s been going to Florida for years. He and his wife, have a place down in Naples and I don’t … It’s probably been close to 10 years or so now that they’ve been going down there. But they’re active in the local political scene here in Northeast Ohio. There are some other benefits that they like to avail themselves of, and they’ve never just gone ahead and made the switch. But when it gets up to 20-$30,000 of tax savings … I haven’t got confirmation yet that they’re going to be making the switch, but my guess is that I feel pretty safe in making it, is that they are in fact going to make the switch at least for some period of time. So yeah, definitely very important.
Kevin Kroskey: If you are receiving the Ohio homestead property tax exemption, you have to go ahead under penalty of perjury and say that it is your primary residence. So if you are telling Ohio, “Hey, I qualify for this homestead property exemption, let me save my approximately 500 bucks.” And then you go down and to Florida and you’re saying, “No, that’s really my primary residence down there.” You can’t do both because you’re going to have to sign another form under penalty of perjury saying that you’re not receiving this Ohio homestead property tax exemption. And in fact, if we go back to when the law was changed in 2015 and then it was amended in 2018, one of the items that got this taxpayer ensnared with the law, and one of the reasons why the amendment was made was because he was double-dipping. He was stating that the Ohio homestead property tax exemption applied to him, he stated that under penalty of perjury. But then he also said, “Well no, I’m a nonresident for state income tax purposes.” So those two statements conflicted with one another.
Kevin Kroskey: There were some other facts and circumstances in his case, but that was a big one. And that was certainly one of the things that got him ensnared and one of the reasons why he had to pay about $10,000 to Ohio in addition to what I’m sure amounted to much, much more in legal bills to go ahead and see it through the state court system. The next one is not only can you not double-dip for the homestead property tax exemption, but if you have dependents who are benefiting from the Ohio in-state resident tuition, say for some college, or technical school, or some sort of higher education, well that doesn’t work either. Again, you can’t double-dip like that. So no property tax exemption in Ohio, and also no in-state resident tuition benefits either. And then lastly, there is a form that you have to file both timely and accurately. In Ohio, it’s basically Form IT NRS. NRS stands for “Non-Resident Statement”, and that needs to be filed by October 15th.
Kevin Kroskey: Or if you do have to file an Ohio tax return, then you should really submit it with the Ohio tax return, in fact, sooner than the 15th. So that’s important to know. The other thing that’s important to know is that actually has to be done each year for which you are claiming non-residency. Say, if you’re doing that for 2020 and you want the same, that irrebuttable presumption in 2021, well, you have to attest that you had no more than 212 contact periods. That you did have at least one abode outside of Ohio and didn’t claim depreciation on it. That you didn’t hold a valid Ohio driver’s license at any time during the entire year. That you didn’t go ahead and try to double-dip and take that Ohio homestead property tax exemption or benefit from in-state resident tuition. And then again, you have to file that both timely and accurately to attest your non-resident statement. So you have to do that year in and year out. Filling out the form in 2020 is not going to protect you in 2021, or going back to 2019, or years prior. So that’s really important to remember.
Kevin Kroskey: This is another one of those things where if you are a snowbird, I would lump this into your tax planning that you need to do. So we always like to say, “There are three core things that we do year in, year out for our clients. It’s the retirement planning, updating it, and making sure that they’re staying on track.” Their tax planning and preparation, as well as their investment planning, and all those things need to be done in concert with one another. And if you are a snowbird, I would add this to the list and in my opinion, it really falls under the tax planning that you need to do. Because you certainly want that bright-line test and that irrebuttable presumption rather than try to argue something subjectively.
Walter Storholt: Kevin, is there anything that needs to be done from a record-keeping standpoint for all of these different contact periods that proves where you are and how you were there? I mean like keeping, I guess, mileage logs for tax purposes. Is there anything that makes it official in the eyes of the IRS?
Kevin Kroskey: Well it wouldn’t be the IRS, this would actually be the State Tax Departments, but it depends. I mean for our case, in my case specifically, we’re driving down to Florida right after Christmas. At least I’m driving down with the dog and my wife is flying down with the girls soon thereafter. It takes me two or three days to make the great migration down, I’m going to be getting gas on the way down. It’s going to be on my credit card statement. My wife is flying down, on your credit card statement it’s going to show who bought tickets, what date were they for? So in today’s day and age, a lot of the stuff that you’re going to have is already going to be tracking it. And in fact, if there is some sort of residency audit, rest assured they’re going to want to see this stuff. So if we go down there and we just stay down there, say for about five months or so and then we come back and so we don’t have any more than the 212 contact periods in Ohio, then it’s pretty simple.
Kevin Kroskey: We really don’t need to do anything further to go ahead and substantiate that we met that. Now, if you’re going back and forth, certainly there’s a little bit more to it and you may have to go ahead and document a little bit more clearly. But again, if you’re driving, you’re going to get gas, you’re going to have receipts for that. I mean, me personally, I just put everything I can on a credit card and pay it off monthly. And so we have that track record there built-in. I don’t have to say, “Well, I paid cash in this State and that State. Let’s go back and let’s look at the videotape that I always see them scrolling through on Dateline when they’re trying to find a killer.”
Walter Storholt: “Did he enter the convenience store or not?”
Kevin Kroskey: Yes. “Did he cross over to 213 contact periods?” So I would say that’s the easy thing to do. When I come back on … Oh, I may come back on business to Ohio a couple of days, but for me, it’s pretty easy. I’m not on the road traveling a ton. And also even if you’re going down to Florida and snowbirding, it’s not to say that you have to be in Florida for all those other days. You just can’t have more contact periods in Ohio, you still have to have your abode outside of Ohio for the year as well. So you still have to meet all these requirements, but the client that is … Punta Gorda buying a home, they are going to travel to Europe a good bit. They own some property over in Luxembourg, they’re going to probably spend a month or so over there. That’s fine too. And again, when they buy those plane tickets, they’re going to see when they bought these plane tickets, they had some charges over in Luxembourg.
Kevin Kroskey: So you’re going to … In today’s day and age, I think it’s pretty easy to go ahead and have this paper trail that’s automatically built-in and substantiated. I did, however, just see an article depending on your smartphone and the apps and what you allow them to track, some of them track your location, whether you’re using the app or not. I was really astonished to find, I went into Google app settings and it really had all my locations tracked over the last three years. It was kind of freaky. I mean, it just had me-
Walter Storholt: Very cool, but very freaky. Yes.
Kevin Kroskey: Yeah, very. Too much big brother for me, so I deleted that. I turned it off. Of course, Google didn’t warn me and say, “Hey, I’m going to be big brother and just follow you around.” I’m sure there’s other stuff that they’re doing that would freak me out too that frankly, I’m not aware of. Ignorance is bliss to some regard. But when I saw this map and all these places that I had gone, I’m like, “Wow.” But if that doesn’t freak you out, that could certainly be something that could go ahead and substantiate where you’ve been as well. But for me anyway, I’m buying gas when I’m driving, I’m buying plane tickets when I’m flying, I put everything on a credit card. That’s getting me a lot of the way there.
Walter Storholt: So unless you’re living off the grid as you do the snowbirding thing, you’ve probably got a pretty easy traceable record where you could prove it if you needed to in the event that that would pop up. So otherwise, take a picture of yourself each day, wherever you are with the “Welcome to Florida.” Sign in the background or something like that.
Kevin Kroskey: Make sure it’s timestamped and unalterable, right?
Walter Storholt: That’s right. That’s right. Either take it next to a Palm tree or next to the Buckeye there in Ohio and then you’ll be in good shape. Whatever’s in the background will dictate how good a shape you’re in. So that’s great. I know you cover all of these things. How in-depth do you go into the guide that you’ve put together, which by the way we mentioned at the beginning of the episode? If you want to get the Ohioan’s guide to snowbirding in Florida, you can get a free copy of that by contacting the show. To get in touch, you just go to truewealthdesign.com and click the Contact button, and you can get in touch and just mention that you want the Snowbirding Guide and Kevin will be sure to get it right to you. No cost to this, of course. Again is the Ohioans Guide to Snowbirding in Florida. Or you can call 855-TWD-PLAN. That’s 855-TWD-PLAN, and we’ll put a link in the description of today’s show where you can also get that guide.
Walter Storholt: So if you want to just check that no matter what app you’re using to listen, look for the link there in the description and you can request for free that snowbirding guide in Florida for Ohioans. How in-depth do you go into the guide, Kevin? What else are people going to learn when they pick that up?
Kevin Kroskey: Well, there are some things you need to do when you’re in Florida as well. So we basically build out a checklist. Most of our clients that are snowbirds, it’s Florida where they fly to if you will. And there are things that you need to do in Florida to go ahead and get your property tax exemption set up down there your homestead exemption and some other things. So we’ve just built this checklist, it’s one of those things where you have enough people doing it. It’s a repeatable process. It makes sense for us to go ahead and document it to make sure that all of our clients are being compliant, dotting their I’s, crossing their T’s, and making sure that they’re going to avail themselves of that irrebuttable presumption of not paying tax in Ohio. We have some other clients that go to Arizona. Arizona does have State income taxes that aren’t too dissimilar to Ohio, not as big of a deal there. We have a couple of clients in Oregon, a very high tax state, that also snowbird in different places that are lower tax.
Kevin Kroskey: So as we have more clients in more states, we’ll continue to build this out. But for us, Ohio to Florida is very common. I will mention too if you are in the state of New York or other high-income tax states and property tax states, tax reform that happened in late 2000 for a lot of people in those states has really harmed them. It’s limited their state and local and property tax deductions to $10,000 per year. And it’s certainly possible that they’re actually paying a lot more in total tax than less, which was more common for most taxpayers. So those states, so what that has caused is more of these high-income people are now going to Florida and snowbirding and trying to change their domicile. And now you’re getting more residency audits from states like New York. I just saw a paper not too long ago written by an attorney.
Kevin Kroskey: I can’t remember the number, but it was a very, very big number out of the residency audits that the State of New York has done in 2019 and the amount of money that has resulted from that. So it does make sense. You have a domicile, and the way that the law works as my understanding of it is that you continue to have that domicile until you actually abandon it and reestablish domicile in another state. So you got to dot the I’s, you got to cross the T’s to get there. Florida is very common. There are some things that we need to do in Florida as well. So we’ve built out that checklist and we guide our clients through it. If you’re not going to Florida, if you’re in Ohio and you’re going somewhere else, certainly it’s helpful there. If you are in a different state and not Ohio and going to Florida, it would certainly help. If you are in Oregon and looking to go to Arizona, it won’t hurt, but it’s going to have less applicability compared to the other cases that I gave.
Walter Storholt: Well, there you go. But if it does sound like that might be something helpful to you, you can get this again for free. The Ohioan’s Guide to Snowbirding in Florida, check the description of today’s show for a link where you can request that. Just mention you’d like to get the snowbirding guide and Kevin will hook you up. You can also just go directly to truewealthdesign.com and click the Contact button there as well. Well Kevin, thanks for taking us through this guide a little bit here and talking about this nuance of establishing residency, and some of the layers that go into that equation. And we’ll look forward to another great topic on the next show, we appreciate it.
Kevin Kroskey: All right, thank you, Walter.
Walter Storholt: All right. We will talk to you again soon here on the show, thanks so much for taking some time to listen. If you have any questions or comments, please don’t hesitate to throw them our way. As always, you can reach us through the website at truewealthdesign.com or call the phone number 855-TWD-PLAN to get in touch. For Kevin Kroskey, I’m Walter Storholt. We’ll talk to you next time when we come right back here to Retire Smarter.
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