HOW TO CASH OUT OF YOUR COMPANY

摘要

We should all have such problems. In Jan-uary, 2000, after a 17-year career with brokerage firm Charles Schwab, Michelle Seymour had accumulated nearly $5 million in as-sets in her 401(k) and employee stock owner-ship plans (esops). Although just 38 at the time, she decided to opt out of her job in a year. "I wanted to retire and enjoy the wealth I had built," says Seymour, whornmanaged Schwab's Bakers-field (Calif.) branch office.rnSo what were her prob-lems? Nearly 85% of her as-sets were in Schwab stock, and she clearly needed to di-versify. Plus, she wanted to get her hands on a chunk of that money immediately without paying the taxes and early withdrawal penalties that could have eaten up of her nest egg.