<prompt> Human: Hi! Im 26 and work for a small company that sells medical supplies. Ive invested into a 401k since it was available and have a about 12,000 invested. My boss told me yesterday that they are no longer going to be doing a 401k plan since I am the only employee that takes advantage, and they are paying more in fees than they are investing for me. To make up for it, they have given me a raise. Question I have is what now? I would like to keep putting money away but have no idea what steps i need to take to invest my money. My wife is also wanting to cash out and pay around 10,000 worth of credit card debt we have. I just dont know enough to know what is best.Thanks,  <response>: Roll it over into an IRA. If you cash it out youll pay taxes plus a 10 penalty. 