Did you know you can exclude up to $500,000 of gain from the sale in your primary residence?

You heard that right.

I'm about to discuss it in this, the 71st episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social

security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.

And now here's your host, Andy Panko.

Hello, everybody. Welcome. Thank you for listening. I'm glad you're here. So today,

let's talk about the potential exclusion of gain

you can have on the sale of your primary residence. A lot of you probably know about this already,

and if you do, hopefully you at least pick up some added little details and tidbits I'm about to go

over. For those you don't know about it. This is huge or this can be huge,

especially if you've owned your home a long time and it's quite appreciated, meaning the price

at which you're going to sell it is a lot higher than the price you bought it, potentially decades

ago. Well, thankfully, you can exclude potentially up to half a million dollars or $500,000 of that gain from being taxable.

So a really, really powerful tool.

And so what today is all about.

It should be a fun one.

Before we get into it, I want to give a shout to my friends at Boomer Benefits.

Boomer Benefits.

Boomer Benefits.

For those who don't know, I am in a limited engagement sponsorship arrangement with them,

where they are helping support the production of this fine podcast, retirement planning education, for a while.

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