Monday, November 10, 2014

Use of Personal Residence for Retirement Income

8:07 PM



Question:

Under Sources of Retirement Income it has “yes” next to Personal Residence even though I indicated for both my wife and me “Never” under “Financial Information – Principal Residence – Sell Principal Residence.”  Are the income projections using the value of our personal residence or not?

Answer:

Since you selected 'Never', there will be no sales taking place. If you had selected a year for the sale but left the personal residence unselected in Sources of Retirement Income, then the funds would not be used for retirement.



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