By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. After retiring a year ago, my husband and I sold our primary residence and moved to our vacation home in South Jersey. We have owned this second property for 25 years. We will be selling this home and purchasing a more year-round friendly home shortly. I believe there is a tax to pay when selling a vacation home, however, we have invested quite a bit in the vacation home, tearing it down and building a larger one. Then we

By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My wife and I own a home in Passaic County and a home at the beach in Ocean County. We are both retired and the Passaic County home is our primary, but the market value of the home in Ocean County is substantially higher. Are there any advantages to changing our primary residence to the more valuable property in Ocean County? — Homeowner A. The only clear financial advantage, and it’s a big one, would come if you decide t

By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My mother passed away in February. My sister and I were the beneficiaries of her traditional IRA. We have 10 years to withdraw the funds so what is the most tax-advantaged way to do this? I am turning 63 in September and my sister is 60. The accounts are around $400,000 each. — Beneficiary A. We’re sorry to hear about the loss of your mother. You’re correct that you will have 10 years to withdraw the funds because of dist