You sold in your 401k at a most inopportune time. To take money to roll to IRA, the investements that were already in it had to be sold. For over a decade people in the same situation made lots of money. The last year and a half have been the first bear market in over a decade. Historically markets go up much more of the time than they go down. The fact that YOU terminated your employment at the wrong moment as far as the markets were concerned doesn't make investing in an IRA or in a 401k wrong. Of course, if you could have had perfect foresight, it would have been better to have not made the investment. Of course, the 401k investment was made with before tax money. Uncle would have collected more tax had you not made the investment, so he is a partner in your loss even though it is not tax-deductible. The odds, over time, of the 401k turning out to be a good deal are very high. The probability is that if you do the same thing with your next job, it will be a profitable decision. Best wishes, Chris
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