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About cisco

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  • Birthday 01/31/1958

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  1. 401K options

    Agree..your vehicle options are quite large.
  2. 401K options

    Only problem with cashing out is you now pay penalty and tax if under 59 1/2. If you have 5-10 years, or longer, before you need the money, the most effective alternative is to reallocate and put yourself in holdings that fit your risk tolerance level.
  3. 401K options

    contact sent Mike. Dan
  4. 401K options

    Mike, You can do a direct rollover from your old 401k to a regular IRA account with no tax consequences. If you have the funds disbursed to you, you have 60 days to setup the IRA or you will absorb penalties and taxes. Most efficient method is a direct transfer to an IRA, now you just need to decide who you want to handle your funds. The least attractive option is to leave it with your old employer. You do have the option to transfer to your new 401k program but if their program is suspect, you are better off having someone manage the funds for you, especially if you don't have the time yourself. Generally, most 401k providers offer few investment choices and little advice in doing so. If you have further questions, please let me know if I can help...and yes, this is what I do for a living...unless I am fishing:) Dan