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Old 08-17-2018, 08:48 AM   #21
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Join Date: Mar 2013
Location: Coronado
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I also think keeping the current home for a while and renting an apartment near work is a good plan. If you do this for more than 3 years, then sell, you will fail the "primary residence for last 2 of 5 years" test that allows you to exclude up to $500K of the capital gains from your taxes, so you need to plan carefully and make the final decision to sell before you reach the 5 year mark. At that time, you'd be close enough to retirement that it might make more sense to buy near your kids and use that last year or so to do whatever remodeling might be needed or wanted before making the final move.
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