At Apriem, we deliver customized, personal service over and above what large corporate firms can offer.
For example, our Industrial Retiree Practice focuses exclusively on current or soon-to-be retirees from industrial companies such as ExxonMobil, Boeing, Chevron and Parker Hannifin.
The Practice was founded more than a decade ago by Landon Yoshida, CRPC, Vice President, Wealth Management & Principal. Landon started by working with retirees from the Torrance Refining Company, which is a legacy ExxonMobil refinery site, on their pensions and retirement plans.
Landon’s deep knowledge of the benefits offered by ExxonMobil – as well as a host of similar plan structures offered by Southern California’s industrial employers, ranging from oil and gas services to aerospace and manufacturing – allows him to help his clients determine if they are able to safely retire with the savings they’ve accumulated over their lifetime and secure them the best benefits mix based on their pension, healthcare, life insurance, and other benefits including social security and Medicare as they prepare for retirement.
Money on the Table
Currently, federal tax laws contain a little-known rule that apply to certain transfers of company stock from the employee’s retirement plan. Only the amount paid for the stock is taxable upon distribution/transfer. The difference of the market value of these shares, minus the cost basis is the Net Unrealized Appreciation or NUA.
The NUA is not taxable until the shares are sold, and are never subject to early-withdrawal penalties. This is particularly beneficial to early retirees, who need to access retirement income prior to age 59½, in order to avoid early withdrawal penalties.
Read: NUA: An Untapped Resource