Thread regarding Cisco Systems Inc. layoffs

@1nlg+1uTQl48U
Nice troll post you got there.

After leaving Cisco, move that 401k into a Self-Directed IRA (SDIRA) account and invest in whatever you want (almost), including precious metals like gold, or real-estate -> owning these assets directly...not a fund or etf...actual precious metals and actual real estate, or be a private lender, or invest in a local business. Can even co-mingle with personal funds under certain conditions. SDIRA is one of the most under-utilized financial instruments for retirement savings growth. Research it and thank me later. Plenty of reputable SDIRA custodians out there; go find one you like.

I’ve found it easier to roll all my ex-employer’s 401(k)’s into my Investment Company’s IRA so I have all my retirement accounts in one place, albeit spread across many different funds.

You can leave your 401k at fidelity as is . if you have the need/ability to manage your own investments , choose the Self Directed brokerage option (the "brokerage" being Fidelity) and you can pick any stock/ETF/mutual fund you like in your 401K. (I left last year and have always had the 401k in a Self Directed Brokerage at Fidelity , and still do)

Financial planner sharks circling for business.

Here goes another su---r pretending to help smart Ciscoians. Rules are simple - You can leave at Cisco if above certain $ (most would qualify) or rollover IRA to Fidelity without "any" costs. Cisco provides great investment choice at low ER so no need to do anything if you are money savvy. Focus on other important aspects.

Thats a good point! Been throwing money into my 401k the last 6 years at my current company, thanks for the reminder to ask ChatGPT about my options.