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My husband has been downsized - he has five weeks left at his current job. He has a 401(k) at his current employer; it has a choice of seven investment options, only three of which come anywhere near market performance.

While he already has leads on several new jobs, some are at small companies that do not offer deferred comp and another would be to become an independent (self-employed) contractor.

What options would he have for his 401k monies? Because of the lack of acceptable investment options, I'm not sure we would want to leave it at the current employer. And if we did leave it there, could we transfer it elsewhere at any time?

Shaniqua
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