Valero Energy  ·  Thrift Plan  ·  2026
NUA Election · 2026 Retirement Window
37% vs 20%
Most Valero execs
IRA rollover rate
Ordinary income on
every future withdrawal
What some may qualify for
NUA election rate
Long-term cap gains
on appreciation at sale
Valero stock appreciation in your Thrift Plan may be taxed at up to 37% if rolled to an IRA — ordinary income on every dollar
The NUA election may allow that same appreciation to be taxed at the 20% long-term capital gains rate instead — a 17-point difference
This election generally requires action before your separation date — retroactive elections are not permitted under IRS rules
Brian Boswell
Brian Boswell, CPP®
Co-Founder · The Retirement Studio · Georgetown, TX
"Most of the executives I talk to didn't know this election existed until two months before they retired."
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