If you own company stock in your 401(k) or other employer-sponsored retirement plans, and you’re planning on rolling your account over to an IRA—listen up! There is a tax break available that can save you significant money, but in order to qualify, you can’t make a direct IRA rollover.
The Net Unrealized Appreciation (NUA) tax break applies only to those who complete an in-kind distribution. If your company stock is highly appreciated, this little-known strategy could save you thousands of dollars in taxes!
To better understand how it works, click here to download “The Power of NUA in Numbers.”
For professional assistance with tax planning strategies, contact our office at 877-714-2362 to schedule a time to visit.
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For more IRA Expertise, contact us!
Walter F. Pardo, Founding Partner
An Ed Slott Master Elite IRA Advisor
22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938
Phone (877) 714-2362 | Fax 1 + (908) 325.0008