Relocating questions

From: Phillip Jennings <pjennings@pharm.utah.edu>
Subject: Relocating questions
Date: Thu, 07 May 1998 08:50:27 -0700 (MST)

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Hello all,

I will be moving from Salt Lake City to Cincinnati this summer.  This 
will be the first time I have ever relocated since buying a house, 
having a career, etc.  As such I feel quite stressed over all the 
details.  I have found a couple of books about relocation that answer 
some of my questions but not others.  Maybe some of you could offer 
help.

1.  I have > 6 figures in my 403-b.  Can this stay as it is or do I 
have to roll it over into an IRA?  I like my current funds in the 
403-b (Fidelity).  If I do a roll-over is there a time frame before 
or after termination of employment in which this must be 
accomplished?

2.  My wife and I both have group term life policies thru our 
employer.  As there will be 6 weeks between jobs for me and even 
longer than that for my wife, what is the best way to keep life 
insurance in force?

3.  What about health insurance coverage?   I know COBRA mandates 
some sort of continuation of insurance after termination, but does 
this apply to someone who voluntarily "retires?"

4.  All of our assets are in a revocable trust.  Does the change of 
state affect the trust.  I would think that our wills need to be 
redone, but what about the trust?

5.  Finally, anyone have advice on how to close on a house long-distance?  
Our time frame for moving is not that great.  We will only have a few 
days off work to find a house in Cincinnati and this will not be 
until the first of June.  We will plan on moving the first of July 
and I start work August 3, so it is likely that we will have to 
arrange a lot of the housing details long-distance (i.e. making 
offers, getting inspections, possibly closing). 

Anyone with experience in these matters who could offer advice would 
be greatly appreciated.  Sorry for the long post.  Thank you.

Phillip Jennings
Salt Lake City, UT
pjennings@deans.pharm.utah.edu or 
lovelight@juno.com


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