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The basics
In Household settings, turn on Plan to move to another state, choose the move year, and set the destination and local-tax details. The new residence applies from the start of that year.
A move changes residence assumptions. Enter related home sales, purchases, travel, or moving expenses as their own plan entries.
Illustrative numbers
Tie a move to a home sale
Move year2035
Residence used for 2034Original state
Residence used for 2035 onwardDestination state
The model uses the destination for the full move year. If the home is sold during that year, review its property location and the sale’s tax treatment separately.
Calculation transparency
How it works in MoneyWhatIf
- 01
The move year can use a fixed date or a life milestone. Changes to a linked milestone can therefore move the year in which taxes change.
- 02
The destination uses its own state and local settings, including applicable retirement-income treatment. Federal filing remains a separate household setting.
- 03
Property cards can follow the household’s location or pin their own state and property-tax rate. Check these fields for property you keep after moving.
- 04
Strategy Lab and Goal Plan can explore relocation when you allow that lever. Their candidates remain subject to the locations and choices the search actually tests.
Keep in mind
Model limits
A move is modeled at a year boundary. Part-year residency returns, multi-state wage sourcing, and every property-source tax rule are not fully represented.
The residence setting does not automatically change spending, house values, or moving costs to match a different cost of living.
This explanation documents the planning model. It is educational, not individualized tax, legal, Medicare, or investment advice.
Where it appears
Where to use it
See this concept in context, with a guide to each page and its controls.
The words behind it
Related financial terms
Plain-English definitions, with 2026 figures and worked examples, from the financial terms glossary.