Then you will surely want to spend some time here first to learn your options, and
make sure that it's the best move for your current situation. This website discusses what to do when you leave your company
and have a 401k distribution coming up.
Many people do nothing and ends up with heavy taxes and penalties. They found
out later that they could have avoided the taxes and penalties.
Some people are lucky enough to have a 401k balance large enough to leave
with the previous employer and do not suffer any consequences. However, there
are disadvantages of doing that. And, you should be aware of what they are.
Some people are more in control and give proper instructions of what to do
with their retirement plan when they leave. Some roll over to an IRA, some
not... whatever they decide.. they know (or should know) what the advantages and
disadvantages are.
This website also touches on how to get your retirement money out penalty
free when you need it and you are not 59 1/2 yet.
The last topic on this website deals with beneficiaries which is more
important than most people give it credit for. With proper designation, your
designated beneficiaries will thank you to no end. Read the Beneficiary section to
find out what you need to know about designating beneciaries.