medium · Certified Financial Planner Retirement

A client holds employer stock in a 401(k) with a cost basis of $150,000 and a Fair Market Value of $200,000.

Why might a planner recommend against a Net Unrealized Appreciation (NUA) election in this specific case?

  1. The employer stock must be held for at least 10 years inside the plan.
  2. The long-term capital gain rate is always higher than the ordinary income rate.
  3. The cost basis ratio is too high (75%), wiping out the benefit of the strategy.
  4. NUA elections are only permitted for participants over age 73.

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