Your financial accounts will need an address on file.
Q. I will be retiring soon. I currently live in New Jersey, but when I retire, I plan to live abroad, but in different countries with a three-month stay in each. I will be living in Airbnbs and I won’t have a home or rental in New Jersey.
But the harder question, he said, is: How will the world reach out to you when you have no fixed address? How would the IRS contact you or how wouldKiely he gets his financial statements online, but the institutions still have his home address. “If I die, the insurance company would send my wife a check. They would mail it to my home address,” he said.
When you tell your IRA custodian that you are no longer a New Jersey resident they will ask you for your new address. “One solution is to have an agent act on your behalf. This agent can be a relative, a friend or your attorney. You would use you agent’s mailing address as your address,” he said. “Periodically your agent would forward any mail to you that you need to see to wherever you are currently in the world.”“When I was in the Navy I was usually at sea. My fixed address was Fleet Post Office New York. That didn’t make me a New York resident,” he said.
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