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Thanks for the replys.

I did think the rollover could just stay in the same mutual funds, but now I understand that it does not. It has to cash out first and roll into an IRA. Then I can do convert to a Roth if I wish and it makes sense. (Which I think it does, because I did not make much money this year and have a long way to go before retirement, and can afford to pay the taxes now.)

I assume it cashes out based on the current value of the fund. I actually left my job in April. I wish I would have handled it sooner, as I am sure the funds are even more down now.

It is amazing how many "plan administrators" at companies I have worked at know nothing about the process. They can barely spell 401caye.

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