P&G Has Cut 5,000 Jobs So Far. At 60, a Worker Leaving With Company Stock Can Lose a Capital-Gains Tax Break by Rolling Everything Into an IRA.

Thousands of P&G workers leaving with company stock in their 401(k) face a rollover decision that looks routine but can quietly erase a tax break worth tens of thousands of dollars, and most people check the wrong box before they ever realize it exists.