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http://boards.fool.com/because-if-you-sell-the-stock-in-the-401k-you-22626791.aspx
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| Subject: Re: Compoany Stock in 401k Plan - should I sell | Date: 6/15/2005 9:58 PM | |
| Author: Hawkwin | Number: 46507 of 84392 | |
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Because if you sell the stock in the 401k, you WILL pay income taxes on it. If you do NUA correctly, you will pay capital gains (capped at 15%) on the difference between the purchase price and the sale price. For someone that has worked for 20 yrs with a 500k account, this easily amount to over 100K in savings. If you own your own company stock in your 401K - RUN to your nearest broker (even the broker at your bank - if they are series 7 licensed can do this) and do this when you retire. |
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