To visit the previous four questions, see here, here, here, and here. Now the fifth question -
‘Do I own company stock in the plan?’
If your 401(k) includes company stock, explore the advantages of Net Unrealized Appreciation (NUA). This allows a participant to withdraw the company stock "in-kind," thereby removing it from your retirement account. The cost basis of the stock will be recognized as income in the year of the withdrawal, but NUA can substantially reduce future taxation (when required distributions force their liquidation) and ensure the most optimal taxation of these assets.
The final question and answer is here.
‘Do I own company stock in the plan?’
If your 401(k) includes company stock, explore the advantages of Net Unrealized Appreciation (NUA). This allows a participant to withdraw the company stock "in-kind," thereby removing it from your retirement account. The cost basis of the stock will be recognized as income in the year of the withdrawal, but NUA can substantially reduce future taxation (when required distributions force their liquidation) and ensure the most optimal taxation of these assets.
The final question and answer is here.
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