Is Company Stock Hazardous to Retirement?

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WARNING: Company stock may be hazardous to your retirement.

Corporate stock certificates will never carry cigarette-type warnings like the one above, but retirement experts have become so alarmed in the wake of scandais-such as those at WorldCom and Enron-that most agree that measures must now be taken to protect employees from excessive investment in the their companies.

"A consensus has emerged that, at a minimum, employees should be able to diversify more easily. That is, they should be able to sell the company stock they receive in the form of employer matches [to their 401(k) contributions] as soon as they are vested," stated Alicia H. Munnell, director of the …