- Introduction
- Price Trade-Down in Your Residence
- Retirement Income from Your Home
- Reverse Mortgage
- Sale and Leaseback of Your Home
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.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
| Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
*The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.
Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.
