Net Unrealized Appreciation (NUA)
If you are thinking about leaving CHEVRON either through retirement or an unexpected job loss, a special tax rule could allow you to realize significant tax savings when withdrawing company stock from your 401(k).
During your career with the company, it’s likely that you accumulated CHEVRON stock in the form of an Employee Stock Option Program (ESOP) or by investing in the 401(k)’s stock fund. These shares have probably appreciated over time and today are valued more than what you originally paid for them – allowing you to exercise an under-utilized strategy that could potentially save you thousands of dollars in taxes.
I’ve written an article that explains NUA, how it can benefit you, and steps you can take to ensure that you don’t miss out on this important tax benefit.
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About Pension Financial Group
With decades of retirement planning and wealth management experience, Richard Sturm has helped over 600 CHEVRON employees retire. He understands the nuances of CHEVRON’s retirement options and can help you enter retirement with confidence.