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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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. Heartland Bank and Heartland Planning Associates are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Heartland Planning Associates, and may also be employees of Heartland Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Heartland Bank and Heartland Planning Associates. Securities and insurance offered through LPL or its affiliates are:

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