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Reply to "At what age do you plan to retire?"
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[quote=Anonymous]I have a question related to this. We live in a much larger home than we will want at retirement. Let's say it's a 2M home today and will be paid off in 10 years, but we are 20 years away from retirement. We plan to sell in about 10 years and downsize. I assume house might be worth more in 10 years, so let's say 2.4M, and we would buy the about a 1M place. We can "count" that 1.4 m for retirement, correct? And do we get taxed (at 40% current rate) for what we would take out of the sale? How could we protect that money better? [/quote]
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