Dear retirement experts, I am a 29 years old and have approx. $15,000 in my company's 401(k) account. The company I work for is selling to another, and the sell will be finalized by the middle of next month. The new company, which I will be an employee of, will not have a 401(k) for its employees until Jan. 2001. I am currently making monthly contributions into my account which has an employer match of 6%. The new 401(k) that starts in Jan. will not have a company match. Should I rollover what I have into an IRA and make investments into funds that make better returns, or let the money sit until the new 401(k) is set up and take my chances with whatever investment choices the new company will offer. I also might add that I have a $3,000 loan borrowed against my 401(k) account. Please help me in making an informed decision. Thank you,
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