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Greetings, Telegraph, and welcome. You wrote:

<<Note of caution: Some employees would up with ESOP (Employee Stock Ownership Plan) stock that would up in their 401K plans (as most ESOP plans ended when the feds changed the tax rules for companies). If this is the case, you do not want to roll this over into an IRA when you retire, but wait(up to five years by fed rules) to take it at the company cost and pay tax on that. Keep it a year, and pay only 20% cap gains. Rolling it into an IRA may hit you with 28% or higher tax bracket. >>

You have the rules on company stock somewhat garbled. For clarification as to what can be done, see the post at That's a draft of an area that will soon appear in our new Retirement Planning niche of Fooldom.

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