11 NUA Don’ts
As with most IRA/tax strategies, the net unrealized appreciation (NUA) strategy comes with a few “don’ts.” Any one of these could mean a loss of your ability to take advantage of the NUA tax benefit.
net unrealized appreciation
Why NUA is the Tax Break You Don’t Want to Miss
When you leave an employer, you may assume that the right move is to roll over your retirement funds to an IRA. Not so fast! For many people, a rollover will be a smart decision. However, don’t assume that is always the way to go. In some cases, as strange as it may sound, taking a lump sum distribution and paying taxes is a smart choice. You may be wondering how that could be possible. Read on to see why a tax break called Net Unrealized Appreciation (NUA) may make taking that distribution a good choice.
Is My Net Unrealized Appreciation Option Lost Forever?
This edition of The Slott Report Mailbag looks at minimizing the upfront tax impact of a Roth IRA conversion, highlights the 401(k) and SEP IRA contribution limits and answers a question on the BIGGEST planning opportunity in the tax code - net unrealized appreciation.
It’s Time to Move Assets Out of Your Company Plan – What Are The Options?
There has been a lot of talk, and some new regulations, regarding advice given to plan participants when they have the opportunity to move funds out of their employer plan. Let's use an example to illustrate the options available.
Final Obama Budget Proposal Heavy on Retirement Account Changes (Again!)
On Tuesday, February 9, 2016, President Obama released his Fiscal Year 2017 Budget – his final budget proposal as President of the United States. Having seen none of his 14 retirement account-related proposals from last year’s budget enacted, the President has included them all again in this year’s budget. In addition, this year’s budget features one additional significant retirement account-related change. In this article, you will find a complete list of the 15 provisions in the President’s budget that directly relate to retirement accounts. For each, you’ll see whether they are new or carryovers from previous years, a description of each, as well as some commentary to provide insight and perspective.
Does a Qualified Charitable Distribution Count Towards My Yearly RMD?
This week's Slott Report Mailbag examines how to take advantage of net unrealized appreciation (NUA) - one of the BIGGEST breaks in the tax code - along with answers to two questions on qualified charitable distributions (QCDs).
3 Rules You Must Know About the 3.8% Surtax
The rules governing the 3.8% surtax are incredibly complicated, and it is unlikely that you will ever need to know more than a handful of them. If you have an IRA or other retirement account, that handful of rules likely includes one or more of the three discussed in this article.
5 Incredible Facts About the Current Retirement Market
According to recent statistics and government reports, retirement assets, and IRA assets in particular, are on the rise. Here are 5 incredible facts about the current retirement market.
Don’t Try to Take a Lump-Sum Distribution from a Qualified Plan After Thanksgiving
If you’re able to take a lump-sum distribution from your qualified retirement plan (401(k), pension plan, ESOP, etc.) this year, you may want to hold off until next year. We generally advise clients never to try to take a lump-sum distribution after Thanksgiving; it's better to start the process at the beginning of the next year. Read more to see why.
Slott Report Mailbag: Who Has Rights of This Inherited IRA?
Retirement planning is complicated. It's a personal and situational endeavor with plenty of possible pitfalls in the way of success. This week's Slott Report Mailbag illustrates several various situations in which the individual sought help from either publications or professionals and is still left confused. Click to read this week's Q&A with our IRA Technical Consultant.
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