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.


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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Investment & Insurance Services at Flagstar Bank is a trade name of Flagstar Bank. Infinex is not affiliated with Flagstar Bank. Certain insurance products are offered through Douglas Insurance Agency, doing business as Flagstar Investment & Insurance Services, which is affiliated with Flagstar Bank. 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.

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