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Featured Advisor



Kim Butler
President

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX



BIOGRAPHY:
I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Making the Decision to Move

Twelve percent of the U.S. population moved homes in 2013, according to the U.S. Census Bureau. 

| BY Kent McDill

Families moving from one part of the nation to another is not done as often today as it was done 50 years ago.

According to the U.S. Census Bureau, 36 million Americans moved in 2013, but only one-third of those movers left the county they were originally in. The total represents under 12 percent of the total U.S. population.

A Spectrem’s Millionaire Corner survey of affluent investors showed that 37 percent had moved between one and three times as an adult, while 30 percent had moved four to five times and another 20 percent had moved six to 10 times in their adult lives. Only 2 percent had never moved, and 12 percent had moved more than 10 times in their adult lifetimes.

Forty percent said they were considering moving again in the near future, and that included 49 percent of unmarried investors and 50 percent of business owners.

Among the 40 percent of investors who are considering a move, 32 percent said they were ready to downsize. More than 40 percent of investors with a net worth over $1 million were looking to downsize, as were 42 percent of investors over the age of 60.

Retirement causes some people to move, and 23 percent of investors said they were planning to retire and move elsewhere.

RELATED: Top Ten States Where Residents Want to Move Out 

Twenty-one percent of investors said they would like to relocate to a different climate.

Seventeen percent of investors said a job change was going to cause them to move, and that included 34 percent of investors under the age of 40. Twenty-eight percent of investors between the ages of 41-50 said they planned to move for job considerations.

Sixteen percent of investors said they were going to move in order to be closer to their family. That included 27 percent of retired investors.

Eight percent of investors said they were considering a move because they don’t like their neighbors or current neighborhood.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.