The Traderszone Network

Published in TZ Latest News 20 March, 2015 by The TZ Newswire Staff

Retirement Home Downsizing: Avoid Tax, Budget Shock

You’ve decided to sell your home and downsize to a smaller abode. You figure that you can put the extra cash to work to help fund your retirement. After all, your home is one of your biggest assets, if not the biggest. Its mortgage is all or mostly paid off, and your home’s value is likely much higher than when you bought it years ago. But retirement advisers warn not to make your move until you’ve done your homework.

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