Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (37508)	8/1/2008 10:42:21 AM
From: Boca_PETE	Read Replies (1) of 42834

Hi Kirk, "I bet your oil company stock is making up for some of your pain. 8)" Well now there's a beautiful thing :-) It's the only security I left in my 401K when I retired so that I could eventually take advantage of the NUA provision in the tax code whereby you pay ordinary tax on the cost basis when you take a complete distribution of the shares, and get capital gain treatment of the appreciation when you sell those shares. Of course cap gain tax may rise if there's an Obamination Administration with a Dem controlled congress. And the share price dropped like a stone in recent weeks. So I'm currently quite conflicted as to pulling the trigger on that lump sum distribution this year and foregoing future tax deferral on those quarterly dividends that had been compounding tax free like an IRA contribution since I retired. I'm thinking that the future tax deferrals on the dividends is still more beneficial than the effect of any increased cap gain tax rate applied to the appreciation over the cost basis. P

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