Moving for a job
Are you moving for work?
According to the US Census, 20 percent of people who moved in 2016 said it was for an employment-related reason — whether it was for a new job, a transfer, to find a job, or to reduce their commute. If you’re planning to relocate for one of those reasons, there are several factors to consider. Make moving for a job easier by understanding what details you’ll need to address.
Job relocation tips — 5 things you need to know
Every move requires planning and preparation, but moving for a job might require a little more organization. You’ll have to talk with your current and future employers, figure out a relocation timeline, keep track of tax details, and more. To help you keep everything straight, we’ve outlined five important steps.
Know who’ s paying for the move
Some employers will cover some or all of the moving expenses. In those cases, they may recommend a certain moving company. If there’s a choice, look for a one that’s easy and dependable. While you may be familiar with full-service and truck rental, don’t forget to explore other options to see if they have additional benefits. For example, “you pack, we drive” services don’t require you to drive unfamiliar equipment and may provide the best value.
Pro tip: If you’re still in the job discussion phase, consider asking about a relocation package to help offset costs.
Understand the financial impact
Changing jobs can affect taxes and any long-term financial planning strategies. For example, if you received any severance pay or collected any sick pay upon leaving the company, that income is taxable. You’ll also have to submit a W-4 to your new employer, which can affect tax withholdings if anything is adjusted. The IRS withholding calculator can help determine what’s best for your situation. And don’t forget to save receipts since moving for a job is tax deductible!
Changing jobs can also impact retirement plans. Talk to a financial advisor to find out how best to handle any investments.
Check on health insurance
If your current healthcare coverage will lapse before you’re eligible for insurance at the new job, there are important things to know. Under the Affordable Care Act, you can be uninsured up to three months in a row without penalty, but there are options for short-term coverage. If the uninsured time will be longer than 90 days, there are still options. Read about COBRA, signing up outside of open enrollment, and short-term plans to determine the best course of action.
Take a look at the calendar
Depending on your start date, your move might require some careful planning. For example, if there isn’t a lot of notice, you may need to get there sooner to begin working and handle the complete move at a later date. On the other hand, if it’s important for everything to arrive in time to unload and unpack before the first day of work, you’ll have to be strategic. Your plans could depend on things like new job requirements, home rental agreements or closing dates, school schedules and more. Keep these details in mind while planning to ensure there’s enough time for things to arrive as needed.
Note: For moves with a tight deadline, U-Pack offers guaranteed transit options. Choose a particular day or even a 1- or 2-hour window for the equipment to arrive, and rest assured that there will be plenty of time to get settled before your first day.
Make travel plans for everyone involved
Once the timing is worked out, you’ll need to make travel plans (this is especially important if your family isn’t moving on the same day). If a road trip is in the cards, be sure to make hotel arrangements ahead of time to avoid driving around an unfamiliar city looking for a vacancy. If you’re going to fly or take an alternate method of travel, it’s a good idea to make reservations around 4-6 weeks in advance.
Coordinating other move details
Along with specific job-oriented details, you’ll also have to arrange details associated with the move itself. Everything from packing and loading to finding a new place to live can take time to figure out, but having a plan will help keep things on track. Use these resources to get started:
- Printable moving checklist – A step-by-step guide for completing all tasks associated with moving.
- Packing tips – Advice on how to properly pack items so they arrive safely.
- Ordering boxes and moving supplies – A source for boxes and other supplies essential for moving (with free shipping).
- How to find packing and loading help – Information about hiring labor to assist with moving.
Start planning for job relocation
Ready to begin planning? Start by getting a moving quote from U-Pack! If you have any questions about moving for a job, leave a comment below — we’re happy to help.