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Section 121 for Military Homeowners with Becky Noss

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Manage episode 480750951 series 3591185
Content provided by Cynthia Meyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cynthia Meyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In Episode 56 of the Real Life Planning Podcast, Cynthia Meyer, CFA®, CFP®, ChFC®, sits down with Becky Noss, financial planner and founder of Healthy Wealth, to explore the unique tax advantages available to military homeowners. Becky breaks down how military families can use Section 121 of the tax code—the capital gains exclusion for the sale of a primary residence—even if they haven’t lived in the home for the typical two out of five years. Together, they demystify the nuances, share planning strategies, and uncover how military families can make the most of their housing transitions.

" The most important element I've learned is how different and how nuanced and how essential it is to have someone who's military knowledgeable planning for you if you are in the military. ” - Becky Noss

This week on Real Life Planning Podcast:

💡 How military homeowners can pause the 5-year “look back” period [00:04:16]

💡 Why you can only suspend one home—and how to choose wisely [00:06:40]

💡 A real-world case study that saved a client over $30K [00:09:03]

💡 How military benefits continue even after leaving active duty [00:14:55]

💡 Powerful deployment-related tax strategies, including TSP and IRA rules [00:27:06]

Connect with Becky Noss:

Connect with Real Life Planning:

The ReaL Life Planning Podcast is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering.

Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.

  continue reading

58 episodes

Artwork
iconShare
 
Manage episode 480750951 series 3591185
Content provided by Cynthia Meyer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cynthia Meyer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In Episode 56 of the Real Life Planning Podcast, Cynthia Meyer, CFA®, CFP®, ChFC®, sits down with Becky Noss, financial planner and founder of Healthy Wealth, to explore the unique tax advantages available to military homeowners. Becky breaks down how military families can use Section 121 of the tax code—the capital gains exclusion for the sale of a primary residence—even if they haven’t lived in the home for the typical two out of five years. Together, they demystify the nuances, share planning strategies, and uncover how military families can make the most of their housing transitions.

" The most important element I've learned is how different and how nuanced and how essential it is to have someone who's military knowledgeable planning for you if you are in the military. ” - Becky Noss

This week on Real Life Planning Podcast:

💡 How military homeowners can pause the 5-year “look back” period [00:04:16]

💡 Why you can only suspend one home—and how to choose wisely [00:06:40]

💡 A real-world case study that saved a client over $30K [00:09:03]

💡 How military benefits continue even after leaving active duty [00:14:55]

💡 Powerful deployment-related tax strategies, including TSP and IRA rules [00:27:06]

Connect with Becky Noss:

Connect with Real Life Planning:

The ReaL Life Planning Podcast is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering.

Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.

  continue reading

58 episodes

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