Retirement Home Selling Strategies - What You NEED to Know

Selling Home During Retirement? Capital Gains & Principal Residence Gain Exclusion Explained! Sell Home In Retirement Could Generate A 6-Figure Tax Bill!. Selling Your Home During Retirement Can Have Serious Income Tax Consequences. Keep More Of Your Equity When You Well Your Home During Retirement. Want to discuss your retirement plan? Schedule a time here: 🎯https://calendly.com/cfm2020/youtube🎯 In today’s video, we’re talking about one of the biggest financial assets most retirees own: their home. And more specifically, the tax trap that occurs when you sell it during retirement. The tax rules for home sales haven’t changed in almost 30 years. Meanwhile, home prices in most places have skyrocketed. By the end of this video, you’ll know: How the current tax rule works, Why more retirees are getting hit with unexpected taxes, and Four key strategies to keep more of your hard-earned equity. 0:00 – Introduction 0:00 – Current Tax Rules 2:51 – Strategies To Keep More of Your Equity 4:11 – Mini Case-Study 4:37 – Good News? Get your copy of my 8-STEP RETIREMENT ROADMAP: https://www.centerpointfm.com/roadmap #retirementhomesale #capitalgainstax #homesaleexclusion #principalresidencegainexclusion #retirementplanning #taxplanningstrategies #realestatetaxes #capitalgainsinretirement #Section121 #sellinghomeinretirementtaxes #downsizeyourhome #stepupinbasis, #retirementplanningtaxes THIS VIDEO IS FOR ENTERTAINMENT AND EDUCATIONAL PURPOSES ONLY. NOTHING DESCRIBED IN THIS VIDEO SHOULD BE CONSIDERED INDIVIDUAL FINANCIAL, INVESTMENT, TAX, OR LEGAL ADVICE. BEFORE TAKING ANY ACTION REGARDING YOUR OWN FINANCIAL SITUATION, CONSULT WITH YOUR OWN FINANCIAL ADVISOR, CERTIFIED PUBLIC ACCOUNTANT AND ATTORNEY.