Category: Retirement Planning

Designating Beneficiaries for Retirement Accounts

Post author By Paul Caspersen
Post date August 5, 2021

A beneficiary designation is a way to transfer an asset to an individual, organization, or multiple beneficiaries upon the owner's passing. For financial accounts such as individual retirement accounts (IRAs), a beneficiary designation is typically a paper or electronic form provided by the account custodian, which allows the account owner to designate who will receive the asset upon their passing.

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Tags beneficiary designation, retirement assets, transfer on contract

39 Wealth Management Issues Financial Planning Retirement Planning Titling of Assets

Net Unrealized Appreciate for Employee Stock Ownership

Post author By Paul Caspersen
Post date February 20, 2021

Net Unrealized Appreciation An employee who owns company stock in their employer’s retirement plan will eventually have to decide how to distribute those assets—typically when you retire or change employers. Taking a distribution could leave the plan participant facing hefty taxes. However, a tax break—taking advantage of “net unrealized appreciation” (NUA)—can reduce ordinary income taxes. […]

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Tags 401(k), Net unrealized appreciation, NUA, retirement, retirement assets