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Did she mention the NUA (Net Unrealized Appreciation) option for moving company stock from a 401(k) to a taxable account? It sounds like you had a pretty low cost basis, and may have benefited by moving the stock to a taxable account, rather than the IRA.

GTE Government Systems Corporation was sold to General Dynamics Corporation in 1999 to allow the merger of GTE and Bell Atlantic and the formation of Verizon. I was locked out of my GTE 401(k) until the merger completed. Verizon provided me physical stock certificates when I closed my 401(k) that I deposited in my IRA account. I don't recall discussing my intentions with her before giving her the certificates to put into my IRA account in 2001.

In 2013 when I retired from General Dynamics Corporation, I did make use of the NUA option to empty my General Dynamics 401(k). Fidelity was managing the 401(k), sold my shares, and sent me a check that I deposited in my taxable investment account. I used the money to invest in an MLP whose dividends were classified as a Return of Capital.

The NUA wasn't as beneficial as I thought it would be due to it needing to be taken in the same calendar year as the trigger event--retirement.
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