Zimmerer & Zimmerer CPAs

About Zimmerer & Zimmerer CPAs

The Retirement Tax Planner: Retiring or recently retired from a publicly-traded company with appreciated company stock held in your 401(k)? Consider a transaction where you distribute employer securities with "NUA" net unrealized appreciation and cut your taxes in half from ordinary rates (39.6% +) to capital gains rates (0%, 15%, 20%) and avoid the Net Investment Income Tax Rate (3.8%). Charitable Giving Strategies including the "QCD" Qualified Charitable Distribution. Take advantage of a distribution directly from your IRA to your charitable account or charity. In so doing, you avoid the limitations of schedule A itemized deductions and avoid income from the RMD required minimum distribution. Also, consider gifting to charity appreciated stock (low basis stock) and retaining higher basis stock.