Radical Personal Finance 1093-Why You Should Move to South Dakota, Even If You Have No Plans to Live There!
6 snips
Apr 28, 2025 AI Snips
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Plan Residency Early, Avoid Last-Minute Forwarding
- Start nomad residency planning at least three months before travel.
- Avoid last-minute USPS forwarding to prevent alerting spammers to your new address.
Avoid Sticky States to Evade Tax Claims
- Avoid spending too much time in aggressive tax states like California, New York, and Illinois.
- Use technology and strict discipline to avoid being claimed as a resident by these 'sticky states'.
Use True Residential Addresses
- Always provide a true physical residential address for bank accounts and financial institutions.
- Avoid using friends' addresses to prevent tax confusion and legal troubles with official mail.