Archive - November 1, 2013

1
“The Retirement Gamble”
2
NUA Allocation Twist – Not as Easy as it Looks
3
Who Gets Your Stuff When You Die Without a Will?

“The Retirement Gamble”

Have you seen the PBS Frontline documentary “The Retirement Gamble”? PBS ran it again on October 29 on Channel  13 – just in time for Halloween. It’s hard to watch this program without a sense of horror at the way our retirement plan system is rigged to rip off Americans struggling to save for their retirement.  Click here for the website link.

Here are the key points in “The Retirement Gamble” – and look at some things you can do to shore up your retirement plan:

  1. The majority of Americans close to (or in) retirement don’t have enough saved to
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NUA Allocation Twist – Not as Easy as it Looks

I’ve written much about the Net Unrealized Appreciation (NUA) treatment for company stock in a 401(k) plan – this is the provision that allows you to pull out company stock as part of a full distribution from the plan and get favorable tax treatment for the gain on the stock.  More about NUA can be found in this article about Net Unrealized Appreciation Treatment.

One of the factors in that article speaks to a special way to allocate the basis (original cost) of the stock.  Specifically, if handled correctly, the ordinary income tax on the NUA move can be …

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Who Gets Your Stuff When You Die Without a Will?

A 2007 study by Harris Interactive found that 55% of all Americans die without a will.  In legal parlance, dying without a will is known as dying ‘intestate.’  So who gets your stuff if you die intestate in Virginia?

Rumor has it that the state automatically takes all of your assets if you die without a will.  This can happen, but rarely does.   In the commonwealth of Virginia, your assets go to your next of kin.  (This assumes that you actually leave behind an estate worth something after all your debts, taxes and final expenses are paid.)  Only if there …

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