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See my reply #8062 to Brett. In your case, you will have at least three "deferred" options (meaning actions you can take that are not taxable events) as follows:

1. Leave your money where it is.
2. Open a Rollover iRA account at the brokerage, bank, etc. of your choice.
3. Roll your money out of your old employer into new employer 401(k) plan.

#3 above will be dependent on whether or not your new 401(k) plan accepts rollovers --- most do but not all; it is a plan choice. Secondly, many 401(k) plans, particularly those that have matching also have a waiting period to get in --- 6 months or a year. If this is your situation, you may need to elect options #1 or #2 above until the waiting period is over and then execute #3 when eligible.

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