401k Critical Mistake #6: 401k Company Stock Declined Sharply? Hidden Tax Reset Strategy
By David L. Dunn, CPA/PFS, CFP®, CPWA® Are you an executive who’s watched your 401k company stock drop 30%, 40%, 50% or more? Or maybe it hasn’t dropped yet, but it could. A sharp decline can feel like a disaster. But here’s the counterintuitive truth: that decline may have just opened the door to a […]
401k Critical Mistake #5: Have Company Stock in Your 401k? One Withdrawal Starts a Costly Clock
By David L. Dunn, CPA/PFS, CFP®, CPWA® Do you have highly appreciated company stock inside your 401k? If so, are you thinking about taking a withdrawal to bridge the gap before pension or Social Security kicks in? Here’s the problem: one withdrawal could wipe out a tax opportunity worth hundreds of thousands of dollars. The […]