If you have publicly-traded company stock in a 401k plan then you may have heard of a strategy called net unrealized appreciation (NUA). The basic idea is that once you are eligible, you have an opportunity to rollover the employer stock in a very specific way and possibly save a tremendous amount of money in taxes. However, the strategy is not always as beneficial as it appears. In many cases, you may be better off by not engaging in NUA at all. Even if that means you will pay more in taxes. Read more “I’ve Been Published: Handling Company Stock in a 401k”
I’m very happy to report that I’ve recently been published on ThinkAdvisor.com. The article I wrote for them is titled An Unconventional Approach to Asset Location.
Asset location is when you strategically place certain asset types (i.e. stocks and bonds) into certain account types (i.e. IRAs and taxable accounts). If done properly you could end up with a higher portfolio value due to the tax savings.
The traditional advice with asset location strategies is to invest tax-inefficient investments (i.e. bonds) in tax-deferred or tax-free accounts and to invest tax-efficient investments (i.e. stocks) in taxable accounts.
However, this is not always the best advice.
I’m very happy to report that I’ve been published again. This time it’s in Financial Advisor Magazine’s online section, Expert Views. This article is an extension of the last article I wrote where I discussed that Tax-Loss Harvesting is not as beneficial as others would have you think. In this most recently published article, I discuss several specific risks of tax loss harvesting and that tax savings is not always present.
I’m very happy to report that I’ve been published in the Tax Planning section of a leading industry magazine, Investment News. This is exciting since it’s my very first published article in a magazine. Many articles and websites that I read tout the wonderful benefits of tax-loss harvesting and how you can increase your return. But in this article, I point out that tax-loss harvesting is really not that beneficial.