Property taxes in many states are increasing and the cost of insurance is also on the rise,” said Christine Coley, CFP and wealth advisor at SteelPeak Wealth. “Things to consider when looking for a home or possibly a new state to move to as every state’s laws vary widely when it comes to taxes for retirees,” said Coley. Although some boomer retirees are on the fence about keeping their larger home or even moving into a bigger one, Coley suggested going with a smaller house for several reasons.