The NUA Move That Cuts a Retiring Executive’s Tax on $480,000 of Employer Stock From 32% to 15%

Picture a 62-year-old Apple lifer cleaning out an office for the last time. The 401(k) statement shows $1.9 million, with $620,000 sitting in company stock accumulated over 25 years of ESPP purchases and employer match-in-stock. The cost basis on those shares is $140,000. The default move, rolling the entire balance to an IRA, looks clean.... The NUA Move That Cuts a Retiring Executive's Tax on $480,000 of Employer Stock From 32% to 15%