50 Fabulous Places to Retire in America by Ken Stern

By Ken Stern

Weather, housing, sport, and well-being care are one of the components explored in 50 extraordinary locations to Retire in the USA, second Ed.. This revised and up to date model appears to be like on the preferred retirement groups within the usa and provides info in a simple layout that will not baffle readers with statistics and hard-to-follow charts.

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3. Create a charitable remainder trust. This is an advanced estate-planning tool. As with all financial planning strategies presented in this book, consult with professionals before creating one. The concept is to create a charitable trust with a qualified charity. Deposit an asset into the trust that is highly appreciated, say a building. Sell the building and pay no capital gains taxes. Convert it to income and draw the income that is generated, or a portion of it. By doing so, you reduce the size of your estate and potential estate taxes, avoid capital gains taxes and receive deductions on your taxes for the amount of the gift.

With one-third of your life ahead of you, the only prudent course of action is to leave as little to chance as possible. 50 Important Questions to Ask Yourself Would you think about driving across the country without a road map? Probably not. Without a map and some thorough planning, you are liable to come across roadblocks you will not know how to get around to maintain your course. The same can be said of retirement. Thankfully, most of the obstacles that typically arise during retirement can be easily dealt with when anticipated.

Assuming the property is worth $200,000 when I die, and that is what my children inherit Page 29 the property for, they could conceivably sell the property for $200,000 and pay no property tax. It is important to note that most assets step-up, not just real property. Stocks and other assets are included. 1. Section 121. If you have lived in a home for three out of five years and are over the age of 55, you can reduce the capital gains tax you owe by requesting your Section 121 benefit, which allows you to offset $125,000 worth of gain.

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