[xcamel]

“Any asset held by a retiree that is to be liquidated for income in retirement will be subject to an additional 30% tax” —

[ReignOfError]

“Any asset held by a retiree that is to be liquidated for income in retirement will be subject to an additional 30% tax” —

Only if the proceeds are spent on new retail goods. And if the asset has appreciated -- like, for example, the common circumstance of a retiree or empty-nester selling a big, expensive one and buying a less-expensive one, smaller or in a less-expensive area -- they won't face capital gains tax on the sale.