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I recently switched jobs so I have my old 401k sitting at my former employer. This is what it looks like.

401(k) from previous employer: I only contributed in 2005, maxed out that year. $14,000 + $3,600 matching contribution = $17,600. It is spread between 6 mutual funds (my only choices) and Company Stock. The mutual funds are (rounded %'s):

REREX - Foreign Large Blend (MSCI EAFE) at 11%
BGRFX - Small Growth (Russell 2500 Growth) 26%
PCVAX - Small Value (Russell 2500 Value) 26%
RGAEX - Large Growth (Russell 1000 Growth) 24%
VINIX - Large Blend (S&P 500, this is not VFINX) 3%
CSDIX - Specialty Real Estate (Wilshire REIT) 5%
Company Stock 6%

Given the seemingly unanimous consensus that mutual funds = evil, I wonder if I would be better served by converting this to a Rollover IRA (I don't qualify to convert that into a Roth unfortunately) and then using the proceeds to buy ETFs instead.

Also, what are my options for the Rollover IRA since I can't convert it to a Roth? Can I convert it to a traditional IRA (or are they the same thing)? And, most importantly, when will I pay taxes on my Rollover IRA? When I cash out?

Thanks in advance!
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