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Transfer the money into your new employer's retirement plan:

You can transfer your previous employer's retirement plan into your new employer's retirement plan. Transferring your retirement plan to your current employer is a wise idea because you can manage your investments better than if you left your retirement account with your previous employer.

 
Advantages with this option:
No taxes are due until you begin taking money out.
Disadvantages with this option:
You must change investments to those offered through your new employer's plan.
Your new employer may have a waiting period.
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