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If you receive a 1099-S you must report the sale of your home, even if your gain is excludable. You need to report the amount realized, sales price less the cost to sell your home, and the cost basis.
A key factor impacting your ability to achieve financial security is living below your means. To live below your means, you need to understand your financial situation and live within a budget that includes an allocation for saving and investing.
The primary advantage to paying your mortgage off early is the reduction of monthly expenses in retirement.
Seriously consider an umbrella policy if you have assets of more than $300,000 and you currently earn or anticipate earning a substantial income. Other factors that increase the need for an umbrella policy include having a swimming pool or trampoline, owning dogs, hiring household staff and participation in potentially dangerous sports.
Be cautious not to let the excitement of returning to a more normal life lead to overspending.
The pandemic has forced us to reflect on our values and our priorities. With this new perspective now is an ideal time to set new life and financial goals.