Real Stories, Real Tax Surprises (Ep. 35)

Thinking about downsizing or moving to a no-tax state in retirement? The financial impact goes far beyond the purchase price.In this episode, John Foard, CFP® and Bill Kearney break down the three major tax traps that catch retirees off guard—and how to avoid them.We cover:Why a smaller house doesn't always mean lower property taxesThe real cost of moving to Florida or Texas (it's not just about income tax)How selling your home can trigger a six-figure tax bill and spike your Medicare premiumsThe planning framework we use to help clients navigate these decisionsTimestamps01:58 - Property tax traps when downsizing04:31 - State income tax considerations for relocating07:39 - Capital gains exclusion rules on home sales08:21 - The $244,000 tax surprise example11:48 - Complete planning framework walkthrough18:33 - Why lifestyle still matters more than taxes📞 Ready to run a housing tax stress test before your move? Call us at 704-469-0200 or visit crownadvisorgroup.comCrown Advisors helps families retire with confidence through comprehensive tax planning, investment management, and retirement income strategies.🔔 Subscribe for weekly retirement planning insights#RetirementPlanning #TaxPlanning #Downsizing #RetirementIncome