The Role of Your Home in Retirement

Introduction

Another big decision you have to make in retirement concerns your home. Should you trade down to a smaller residence? Or maybe you decide to move to a state with lower tax rates or no state income tax. In either case, you may be selling your home. Before selling your principal residence, it is important to become familiar with the tax consequences involved.

IMPORTANT NOTE: Prudent planning dictates that you do not count on your home to finance your retirement. The price of your home may fluctuate, you may have difficulty selling your home, and you may use a substantial portion of your home to finance your retirement home.

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. First Community Financial Consulting is a trade name of Pennian Bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. NOT FDIC INSURED BY ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY THE BANK, MAY GO DOWN IN VALUE.
© 2014 Truebridge, Inc. All rights reserved.   Privacy Policy | Terms of Use | US Patriot Act
Website by MoJo Active, Inc.

Pennian Bank has no control over information at any site hyperlinked to or from this Site. Pennian Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Pennian Bank of any information in any hyperlinked site. In no event shall Pennian Bank be responsible for your use of a hyperlinked site.

Go Back | Continue