 You're going to roll it to an IRA. Zero penalties. You're going to take the lump sum and put it into an IRA. Get with a smart investor pro. They'll help you do the paperwork properly. It's a direct transfer rollover. There's no penalties. There's no taxes. And it will grow from that point, tax deferred. You're going to use a traditional IRA. That way there's no taxes. If you roll it to a Roth, it's taxable, but don't do that. Okay, that was another question. You don't want to make it a Roth because it will be taxable then.