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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 88786

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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