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Just came across this in the August 16, 1999 issue of Fortune, Page 120 regarding company stock in a 401(k):

One consideration: If you never sell those shares, your hiers wind up owing capital gains on the appreciation going all the way to thier value when they
originally came into your possession. That's a lot more than they'll owe on the other stock they inherit, which is only taxed on the appreciation since your death. If you have a choice, then, sell your company stock to meet retirement expenses and leave other assets to the kids.

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