Your question is about a very specific financial topic and may require professional advice to meet your individual needs. eXtension does not provide personal financial planning recommendations. Rather, our goal is to provide you with basic information and resources with which to make informed decisions. Cooperative Extension educational information should not be used as a substitute for seeking sound financial advice. Please contact a certified financial planner or other qualified adviser in your area.
We would advise caution in taking a large lump sum distribution from a 401(k), however, because withdrawals are taxable. Consider your tax situation before making any decisions. For information about the process of investing and specific investment products, see Investing for Your Future.
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