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I am age 45. Looking to semi-retire early. I have a 401k with value of about $600K in GE stock. I was told by the company that approx tax portion is $100k. Approx NUA $500k. If I were pull out all the shares (keeping the stock)from the 401k what are my tax liabilities? 10% on $600k or $100k? Regular income tax on $100k?
My thinking is to take the stock out of the 401k and put it in my online broker account and cash in shares as needed paying only capital gains on shares sold.
Would this be a better option than letting the funds grow in the 401k and having to pay regular income tax on the withdrawls?
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