If you are 55-59 know how the 'Rule of 55' works with your 401k. It states you can start pulling your 401k if you get let go or quit but only the 401k from that employer. So, you have Fidelity and Dell let you go, you can start pulling without penalty. DO NOT roll it over to a ROTH because then you can't touch anything until you are 59.5. Also, if you find a new job, make sure you can roll your Fidelity 401k into their plan. Otherwise, if you get let go again you can only pull from that new 401k plan. Make time and get an appointment with a Fidelity rep. Money markets have a good return as does CDs. You may want to put your money in less risk until you find a new job. Good luck everyone.
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Always seek a qualified Financial Advisor first --- but ask them if a ROTH conversion is in order for your specific circumstance. Moving some of the pretax 401 into an aftertax ROTH account will carry a lower tax burden when you are unemployed. And allow you to realize all future gains Tax Free.