Retirement Plan after you sell real estate property

When you sell your highly appreciated properties (residential properties, apartments, commercial properties), you may have to think of Capital Gains tax. In case of a primary residence, it is limited to the exclusion amount. However, if it is beyond that amount, or in case of investments/commercial properties, it will be almost 30% of capital gains in California. You can defer the capital gain taxes by performing a so-called 1031 exchange if done properly. Today, you can do a 1031 exchange by investing in TIC, in which you purchase a large commercial building in Tenancy In Common and get a fixed amount of money every month for the share of your investments. However, setting up the Charitable Remainder Trust before you sell the property may be more efficient for your estate planning and retirement plan.