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Your 401(k) Journey
Keep your old 401(k) accessible and working for your future—consider rolling it over to the Cisco 401(k).
The Cisco 401(k) lets you keep your old 401(k) money working for you here, too.
Did you know that workers who cash out their old 401(k)s when changing jobs can lose as much as 30% of their 401(k)s to taxes and penalties? Don’t let that happen to you. Consider rolling over your pretax, Roth and/or after-tax amounts from a prior employer’s qualified plan to the Cisco 401(k).
Rolling into the 401(k) offers three key benefits.
Besides the obvious perk of continued tax advantages, you get these benefits, too.
Simplicity and convenience.
Your money still has the potential to grow tax-deferred, as it did in your old plan, but it’s easier to keep track of your total savings when it’s all in one place. One log-in, one statement, one complete financial picture.
Investment opportunity.
You can choose from a variety of investment options, plus ways to make investing easier. The 401(k) Plan’s core investment menu offers funds with fees that are generally lower than many similar, publicly available investment options.
Better control.
Monitor your account for your retirement goals and more easily manage your distributions when the time comes through a variety of options available in the Cisco 401(k).
We have professionals to help you.
For free, one-on-one help with the rollover process, call Fidelity at 866 594-4015. Cisco’s dedicated retirement planner can help you build your financial plan and optimize your Cisco benefits. Make an appointment today.